As a leading fiat-to-crypto gateway, Ramp Network is building critical infrastructure for the decentralized web. The Ramp platform offers a seamless way for users to purchase Ethereum-based tokens with fiat currency using an embedded checkout solution.
Ramp Network sets itself apart with a focus on non-custodial architecture, commitment to decentralization, and supporting innovative web3 use cases. Since launching in 2018, Ramp has facilitated over $1 billion in transaction volume and continues to gain adoption across DeFi and NFT platforms.
Key Features and Offerings
The core of Ramp’s offering is an embeddable widget that platforms can integrate to enable crypto purchasing with fiat. This provides a familiar buying flow for onboarding users without leaving the app. Everything from KYC to transferring funds is handled seamlessly.
Unlike most fiat onramps, Ramp uses a non-custodial design where users maintain control of their private keys. Ramp simply facilitates the asset transfer directly between the user and decentralized platform without taking custody.
Focus on DeFi and NFTs
Ramp focuses on supporting emerging web3 use cases including decentralized exchanges, NFT marketplaces, metaverses, wallet providers, and more. Their solution powers fiat onramps for over 100 Ethereum tokens.
As a licensed financial entity, Ramp adheres to strict KYC/AML policies using automated solutions. Geographic restrictions apply to high-risk regions. Overall, Ramp aims to be compliant without compromising their decentralized ethos.
For developers, Ramp offers API documentation, SDKs in Python, JS, and GO, as well as plugins for React and other frameworks. These tools simplify integrating Ramp payments into any web3 application.
Alongside their widget, Ramp offers a mobile app available on iOS and Android. The app provides another frictionless way for users to buy Ethereum and ERC-20 tokens using various payment methods.
Market Traction and Usage
Ramp powers fiat onramps on leading DeFi platforms including Uniswap, Aave, Curve, Balancer, Instadapp, Dharma, and many more. Ramp’s volumes have surged alongside DeFi’s growth.
Major NFT brands utilize Ramp for fiat payments including OpenSea, Rarible, Decentraland, Sandbox, Terra Virtua, Mintable, and SuperRare. Ramp’s solution helps expand the NFT buyer pool beyond crypto natives.
Top web3 wallets have integrated Ramp to enable users to purchase crypto within their wallet, including MetaMask, Coinbase Wallet, Portis, Torus, Fortmatic, and more.
Global User Base
Ramp is accessible to users in over 50 countries worldwide. They continue expanding into new markets, especially across Latin America and Asia where crypto adoption is accelerating.
Ramp’s Path Ahead
While Ethereum is Ramp’s primary focus, they plan to expand support for additional layer 1 and layer 2 networks like Optimistic Rollups. More chains means reaching new users and ecosystems.
Ramp aims to enhance global coverage by supporting fiat onramps for currencies beyond just USD and EUR. This improves access for unbanked users in growth markets.
Ramp intends to transition toward community ownership under a decentralized autonomous organization (DAO) model. This aligns with their commitment to a permissionless, non-custodial financial system.
Ramp collects fees on transactions which will shift towards a hybrid maker-taker model. Their revenue funds continued development and integrations while maintaining a sustainable business.
As a dedicated fiat gateway for decentralized finance, Ramp Network provides critical infrastructure enabling the next generation of blockchain applications. With a laser focus on non-custodial architecture and support for emerging ecosystems, Ramp is poised to continue growing as a leading onramp solution for the open financial system.