According to CryptoPotato, London-based fintech firm Ramp has broadened its crypto-to-fiat off-ramp services to include SEPA money transfers throughout Europe. This move creates a network for users to cash out instantly and seamlessly. Ramp has added over 35 local currencies to its Visa and Mastercard payout options, allowing users in supported countries to sell their crypto assets and have the corresponding amounts added directly to their credit and debit cards.
The new fiat currencies added to Ramp’s payout options include the Mexican peso, the Brazilian real, and the Malaysian ringgit. This allows users to avoid high exchange fees associated with bank transactions by trading cryptocurrencies in their local currencies. Users can now not only avoid high transaction fees but also explore a two-way path to the web3 ecosystem, entering the space with their local currencies and swapping their crypto assets back to the same currencies when needed.
Ramp CEO Szymon Sypniewicz commented, '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.' Over time, Ramp plans to introduce support for additional localized payment and payout methods targeting users in the United States, Latin America, Europe, and other regions.
Ramp claims to be a leader in the crypto-to-fiat off-ramp space, supporting more than 40 tokens and reaching 130 countries. The company is focused on driving mainstream adoption of crypto assets by maximizing the number of supported payment options for users. The company was the first major off-ramp platform to introduce real-time payments in the United States and pioneer Visa and Mastercard global payouts. With the inclusion of SEPA in its services, the firm will offer cost-effective real-time cross-border payouts for European users. Ramp’s payment methods extend beyond credit and debit cards to include bank transfers, Apple Pay, Google Pay, and the Brazilian instant payment ecosystem known as PIX.
