Financial technology company Ramp has launched real-time payments, allowing customers to sell up to 34 digital assets across 17 blockchains. Consumers will now receive payments in as little as 20 seconds, instead of the days or hours it took previously. Businesses looking to give their consumers a quick, safe, and practical option to trade cryptocurrencies for US dollars within their product may do so by integrating Ramp's new offering.
This solution from Ramp offers extremely low transaction costs of just 0.99% and streamlines the cryptocurrency conversion process. On-ramps and off-ramps are essential for establishing a steady flow between cash and cryptocurrencies, promoting wider acceptance. In the coming months, Ramp plans to provide additional payout options through 2023 while also attempting to grow the market for its off-ramp product into the UK and Europe.
Image Credit: Ramp
What's Driving This Trend
- Real-time Crypto Payments
- Ramp's real-time payments streamlines the cryptocurrency conversion process and reduces transaction costs, offering disruptive innovation opportunities for payment processors and financial institutions.
- On-ramps and Off-ramps for Cryptocurrencies
- Ramp's solution for establishing a steady flow between cash and cryptocurrencies promotes wider acceptance and offers disruptive innovation opportunities for trading platforms and cryptocurrency exchanges.
- Expansion of Crypto Payout Options
- Ramp's plan to expand its payout options through 2023 and grow its off-ramp product market into the UK and Europe offers disruptive innovation opportunities for fintech startups and cross-border payment providers.
Who This Affects Most
- Payment Processors
- Ramp's real-time payments and low transaction costs offer disruptive innovation opportunities for payment processors looking to facilitate cryptocurrency payments for their customers.
- Financial Institutions
- Ramp's on-ramp and off-ramp solutions for establishing a steady flow between cash and cryptocurrencies offer disruptive innovation opportunities for financial institutions looking to increase acceptance of digital assets.
- Cryptocurrency Exchanges
- Ramp's solution for creating on-ramps and off-ramps for cryptocurrencies offers disruptive innovation opportunities for cryptocurrency exchanges looking to expand their customer base and increase liquidity.
