• Ramp Network has integrated the Coinbase-developed Layer 2 network – Base, allowing clients to convert fiat currencies into ETH and USDC.
• The integration of Base will support third-party developers, enabling them to create applications using Ramp’s services.
• This will accelerate the creation of novel apps that capitalize on the powerful network effects afforded by the new layer 2.
Ramp Network Integration
Ramp Network – a fintech startup that offers payment infrastructure to connect crypto and traditional finance – added support to the Ethereum Layer 2 chain Base.
Fiat Conversion
The integration will aid third-party developers and enable clients to convert dozens of fiat currencies into ETH and USDC. According to a document seen by CryptoPotato , Ramp Network has dived even further into the world of crypto by integrating the Coinbase-developed Layer 2 network – Base.
Support for Developers
Besides allowing the conversion of fiat to digital currencies, the integration of Base will support third-party developers. It will enable them to create applications using Ramp’s services. “This will accelerate the creation of novel apps that capitalize on the powerful network effects afforded by the new layer 2,”the document reads.
Expanded Presence
Launched in 2017, Ramp Network has expanded its presence over the years, establishing offices in the United Kingdom, United States, Poland, Estonia and Ireland.
CEO Statement
Speaking on this matter was CEO Sypniewicz: “In alignment with our steadfast commitment to giving our users choice and greater access to the ecosystem’s Layer 2 solutions, Ramp will support Base right from its inception, enabling transactions with ETH and USDC from day one.”