Product Updates | August 2023

Here are some of the highlights from August here at Ramp:

• Integration with Base
• New payment options for MXN and NZD
• Native USDC on Arbitrum enabled for on-ramp
• Compliance with the UK’s Travel Rule

Ramp + Base: seamless on-ramp for ETH and USDC

We're thrilled to announce our integration with Base, the much-awaited Coinbase-backed Layer 2 blockchain. Developed by Coinbase and fueled by Optimism's rollup tech, Base offers rapid, cost-effective transactions.

For emerging crypto networks, having reliable on- and off-ramps is crucial. Our integration with Base couldn't have come at a better time. With this integration, Ramp becomes your gateway to Base's ecosystem, enabling users to convert fiat to Base-native ETH and USDC effortlessly.
Beyond end-users, developers can also tap into Ramp's fiat-crypto service to create new, innovative services on top of the network.

New payment options for Mexican Pesos and New Zealand Dollars

Keeping up with this spirit of continuous improvement while offering a familiar, ever-better user experience to millions of users, we’ve enabled Apple Pay and Google Pay for users paying in Mexican Pesos and New Zealand Dollars.
Earlier this summer, we introduced support for crypto purchases via card across 40 additional fiat currencies, which resulted in a superior user experience and improved conversion rates in the supported countries.
Purchases using local currencies effectively eliminate the uncertainty associated with foreign exchange rates and improve the conversion and acceptance rates.

USDC on Arbitrum is now available for on-ramp

Following Circle’s announcement and in line with our commitment to providing unwavering support for stablecoins, we are expanding our token coverage by adding on-ramp support for USDC on Arbitrum.

Ensuring compliance with the UK’s Travel Rule

The UK’s Travel Rule is based on a series of recommendations made by the Financial Action Task Force (FATF), a global organization that sets standards and policies that participating countries can implement in the fight against global financial crime. It comes into force for all registered cryptoasset businesses in the UK (including Ramp) on 01 September 2023. Compliance is our top priority. In order to adhere to the UK’s Travel Rule, we'll start confirming our users' wallet types (if hosted or self-hosted) through our widget, and share travel rule information when customers use hosted wallets. For US-based users, we're not required to share any travel rule information at this time. You can find more details on this requirement and on the Travel Rule on our Help Center.

What's next

We remain committed to expanding our cryptoassets offering and diversifying our range of supported local payment methods. Stay tuned as we continue to Ramp-lify your app’s crypto experience with new and better features. And that’s a wrap for August. Thanks for reading, and see you next month! Want to receive these updates in your inbox? Hit the button below to subscribe to the product updates newsletter.