Ramp Network, a fintech company working on bringing crypto to the global financial system, announced it would support cryptocurrency purchases across all 50 US states and the District of Columbia, as disclosed to Finbold on Tuesday, September 10.
The expansion marks a significant milestone for the company, which has previously operated in only 33 states.
Nation-wide crypto purchases with Ramp Network
Ramp Network will now offer its services to users in 17 additional states, including Alaska, Alabama, and New York.
The Ramp platform allows users to buy and sell over 100 cryptocurrencies instantly, with high limits and seamless transactions via bank cards and Apple Pay.
Broadening access to its services, Ramp Network can now cater to over 100 million additional users, facilitating purchases of popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
The full list of supported tokens, however, might still vary by state due to regulatory differences.
Szymon Sypniewicz, CEO and Co-Founder of Ramp Network, expressed his enthusiasm for the expansion:
“The US market is Ramp’s largest, and we have always prioritized delivering the best experience to our American users. Previously, our services were available in 33 states, but today marks a significant milestone as we expand our reach to all 50 states. We’re proud to offer our top-tier services to launch in traditionally challenging markets like New York, Hawaii, and Louisiana. This expansion allows us to serve all Americans but also enables hundreds of our partners to onboard over 100 million people in the now accessible states. We’re thrilled to offer nationwide access and look forward to welcoming new users to our platform.”
The growth of the US crypto market
A recent Coinbase report reveals that 58% of Americans are familiar with Bitcoin, and 15% are likely to invest in crypto soon.
With 70% of states having already established crypto regulations, the demand for streamlined on-ramps like Ramp’s is expected to increase.
Ramp Network is thus in a good position to offer seamless Web3 access through its API-based tools that integrate easily into decentralized applications (dApps).
Major crypto wallets such as MetaMask and Trust Wallet use Ramp’s services to provide in-app on-ramp solutions.
Ramp’s plans for global expansion
Currently, Ramp operates in over 150 countries and supports crypto purchases in 42 fiat currencies.
In the future, it plans to further expand its payment method offerings in countries like Argentina, Mexico, and India.
Ramp’s commitment to the global cryptocurrency market is illustrated by the recent document-free verification system launched in Brazil.
This system allows users to make substantial crypto purchases faster and with greater security, paving the way for future global rollouts.
The post Ramp Network to extend crypto access to all 50 US states and DC appeared first on Finbold.
