The off-ramp global launch comes in the wake of approval by the UK’s Financial Conduct Authority (FCA), one of the world’s leading financial regulators, of our offering off-ramp services.
We’ve been registered with the UK regulator and the US Financial Crimes Enforcement Network (FinCEN) since 2021 to operate our on-ramp, and this recent approval allows us to operate off-ramp services through our registration as a crypto business.
“We’re incredibly proud not just to have delivered a game-changing product that is user-friendly, fast, and accessible for everyone in the world, but also to be granted FCA approval. To obtain and maintain our FCA registration, we must meet and operate within their strict anti-money laundering and counter-terrorist financing standards. This is a huge achievement for us, as compliance is a cornerstone of our business and what we stand for,” Paulina Jóśków, head of commercial at Ramp.
We offer an unmatched array of options for payouts to ensure users from all over the globe are catered to.
In regions supported by Ramp outside the US, including the UK and EEA, off-ramp payout to cards is supported by leading global credit and debit card providers Visa and Mastercard. Moreover, holders of Fast Funds scheme-enabled cards can receive their funds in minutes.
In the US, users can cash out via automated clearing house (ACH) bank transfers, one of the most popular transfer methods in the country. US customers whose banks support Real-Time Payments (RTPs) will benefit from near-instant payouts, which will typically see dollars deposited into their accounts within seconds.
Off-ramp integration partners
Without a resilient off-ramp, Web3 projects would have to direct users to exchanges to sell their cryptocurrencies, which means higher friction, lower trust, and a user who might not return.
We enable partners to allow end-users to sell digital assets directly within their applications with just a few lines of code (or just one line for current on-ramp integrators).
Several leading Web3 companies have committed to integrating off-ramp, including Brave, Ledger, and Trust Wallet.
“Brave is expanding its partnership with Ramp to offer new opportunities for our more than 55 million monthly active users. Ramp offers an essential service with off-ramp, which will soon allow Brave Wallet users to enjoy a seamless journey in and out of Web3,” Brian Bondy, co-founder and CTO at Brave.
“At Trust Wallet, we always see on-ramps and off-ramps as critical capabilities for reaching a larger user base and significantly increasing cryptocurrency mass adoption. Ramp has been an important partner in establishing a reliable channel between fiat and cryptocurrency, and we’re thrilled to continue working together to bridge the gap between the traditional financial systems and the crypto world,” Eowyn Chen, CEO at Trust Wallet.
“This year Ledger is focused on pairing ease of use with our uncompromising and unmatched security. To bring more people into the ecosystem and enable them to self-custody, we must have secure on-ramp and off-ramp options - that's why we're proud to continue supporting Ramp on Ledger Live, the most secure way to use Ramp's services. Now the millions of Ledger users, and the continuous stream of new users opting for Ledger’s secure hardware every day, can take advantage of the comprehensive flow offered by Ramp through Ledger Live,” Lan Rogers, Chief Experience Officer at Ledger.
Interested in learning more about how off-ramp works?
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