1. Home
  2. RAMP

RAMP

Fiat-to-Crypto Company Ramp Raises $70 Million to Solve the Crypto Onboarding Problem

Fiat-to-Crypto Company Ramp Raises  Million to Solve the Crypto Onboarding ProblemRamp, a fiat-to-crypto company, has announced it has raised $70 million as part of its Series B funding round. The round was co-led by Mubadala Capital and Korelya Capital, with Balderton Capital and Cogito Capital participation. The company explained that these funds would allow it to improve its app further and keep hiring talent. Ramp […]

$62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded

DeFi Kingdoms Integrates Ramp to Take in-Game Payments to the Next Level

DeFi Kingdoms Integrates Ramp to Take in-Game Payments to the Next LevelPRESS RELEASE. London, UK: 30 March 2022 – Play-to-earn game, DeFi Kingdoms, has partnered with crypto payments infrastructure platform, Ramp to bring an even greater in-game payment experience to players. For one week only* players can enjoy zero fees when purchasing AVAX through Ramp. DeFi Kingdoms has been wildly popular, generating more than $1.6 billion […]

$62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded

Ramp expands presence in US with FinCEN regulation

Last August, Ramp became one of only eight crypto firms to secure approval from U.K.'s Financial Conduct Authority.

On Tuesday, crypto-fiat gateway payments platform Ramp announced that its U.S. subsidiary Ramp Swaps LLC hadreceived its registration as a Money Service Business with the Department of Treasury's Financial Crimes Enforcement Network. The regulatory greenlight enables Ramp to do business in 38 states across the U.S. Besides the development, Ramp also has regulatory clearance with the U.K.'s Financial Conduct Authority and Poland's Financial Supervision Authority.

Ramp allows users to buy crypto directly in their wallets and decentralized applications, or dApps. Last year, the company grew its transaction volume by approximately 30x. It has partnerships with over 400 blockchain entities worldwide, including Axie Infinity, Mozilla, Opera Browser, Aave, Trust Wallet, and is the exclusive on-ramping partner for fantasy nonfungible tokens football (soccer) game Sorare.

The year prior, Ramp raised $52.7 million in a Series A funding round led by Balderton Capital, NFX, Galaxy Digital, Seedcamp, Firstminute Capital, and angel investors. The firm claims that it takes mere hours for developers to integrate their dApps with Ramp software, allowing users to convert their fiat money into crypto and begin their virtual experience.

Szymon Sypniewicz, CEO and co-founder at Ramp Group, issued the following statement regarding the development: 

Our view has always been that, to lead in this market, on-ramp providers must earn the trust of their partners and users. So we have taken every measure to meet, if not exceed, the relevant legal and financial standards that apply to us, no matter how stringent.

$62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded

Crypto payments solutions firm Ramp raises $53 million to increase adoption of DApps

"There is so much potential in unlocking cryptocurrency and digital assets beyond today’s narrow and restrictive use cases," said Szymon Sypniewicz, Ramp co-founder and CEO.

On Wednesday, crypto-fiat gateway payments provider Ramp announced it had raised a $52.7 million Series A funding round led by Balderton Capital, NFX, Galaxy Digital, Seedcamp, Firstminute Capital and angel investors. Ramp allows its partner brands to offer crypto-enabled services, claiming that it takes mere hours for developers to integrate their decentralized applications, or DApps, with its software. It has over 400 partners, including Axie Infinity, Mozilla, Opera Browser, Dapper Labs, Aave, Argent, Trust Wallet and Zerion. The firm has regulatory approval in the United States, United Kingdom and Poland.

Current uses of Ramp include purchasing cryptocurrencies for storage in wallets directly in the Opera internet browser, buying and selling in-game content within fantasy football nonfunguible tokens (NFTs), game Sorare and onboarding new players in monster battle NFTs game Axie Infinity. In the future, Ramp developers plan to expand the software to help facilitate crypto transactions for financial institutions within their banking apps.

Szymon Sypniewicz, co-founder and CEO of Ramp, issued the following statement regarding the development:

"We’re on a mission to provide instant access to cryptocurrencies through a provider they can trust."

Morgan Beller, general partner at NFX and Ramp board member, added:

"When I look at Web 3.0 companies, I ask: ‘Will this product help onboard net new users to the space?’ And, of course, does this product have network effects? Ramp is the ultimate answer to both questions. It is unique in its ability to help take web3 to the next adoption level."

$62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded

Crypto Trader Lark Davis Lists Top Five Altcoins To Buy in May

Crypto trader and analyst Lark Davis is naming a handful of altcoins to keep an eye on this May. As Ethereum floats around $3,420 and Bitcoin dominance (BTC.D.) plunges toward 45%, Lark Davis highlights one crypto asset that he’s been bullish on nearly this entire crypto bull market, which is liquid staking protocol Ramp (RAMP). […]

The post Crypto Trader Lark Davis Lists Top Five Altcoins To Buy in May appeared first on The Daily Hodl.

$62 Million Munchables Hack: Rogue Developer Returns All Funds, No Ransom Demanded