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Ramp Network Deepens Local Presence by Introducing Payouts in over 35 National Currencies and Instant Bank Payouts in Europe

Ramp team
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Ramp Network, the financial technology company building payment rails connecting crypto to the global financial system, is expanding its crypto-to-fiat off-ramp support to include SEPA Instant bank transfers in Europe. In addition, Ramp is also enhancing its Visa and Mastercard payout options to include 35+ local currencies, enabling users to sell their crypto and have the amount added directly to their credit and debit cards in supported countries.

Last edited on
May 30, 2024

Ramp Network has been a leader in the world of crypto-to-fiat off-ramps, with its expansive reach spanning 130 countries and supporting over 40 tokens. Ramp's current strategic move aims to enhance the cash-out process for users across diverse locations it supports.

To date, the company has been the first major off-ramp to introduce Real-Time Payments in the US and pioneer Visa and Mastercard payouts globally. SEPA Instant will now offer real-time cross-border payouts. What’s more, the system is extremely cost-effective, enabling Ramp users to quickly sell almost any cryptocurrency for EUR at some of the best rates in the industry.

Meanwhile, by adding over 35 extra fiat currencies, including the Brazilian real, Mexican peso, and Malaysian ringgit, Ramp enables millions of people to exchange crypto into their own currencies. This means that users will not only avoid excessive exchange fees imposed by banks but also enjoy a two-way path into Web3, where they can easily onboard using their local currency and then swap their crypto back to the same local currency.

“At Ramp, we understand that many of our users still need to use traditional fiat currencies in their daily lives. That's why we ensure seamless cashing out by allowing users to choose their preferred payment method and currency. Ramp's off-ramp has long been the benchmark for coverage, transaction speed, and pricing in the market, and we're committed to maintaining this standard by staying closely connected and relevant to our users' needs all over the globe” said Szymon Sypniewicz, CEO of Ramp Network

As one of the crypto industry’s biggest on- and off-ramp providers, Ramp has been at the forefront of the push toward mainstream adoption of digital assets, with one area of focus being to maximize the number of supported payment options for users. To that end, Ramp offers users an extensive range of payment and payout methods, including credit and debit cards, bank transfers, Apple Pay, Google Pay, and PIX (in Brazil), to name just a few. 

Today’s updates will make it easier for Ramp to further enhance the level of convenience it offers to users, with support for many additional localized payment and payout methods on the way, targeting its massive user base in Europe, the US, Latin America, and other regions.

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