Ramp Network, a fintech firm constructing cost rails between crypto and the worldwide monetary system, has launched a world on-ramp for the Telos blockchain’s native $TLOS token. This transfer additionally consists of customers in the US.
Ramp’s International Attain
Ramp, which helps over 100 digital property, gives shoppers with entry to Web3 by way of its on- and off-ramps, that are designed to make the shopping for and promoting of digital property extra simple.
With the launch of this on-ramp, Ramp Network has enabled customers from over 150 international locations, together with 37 U.S. states, to accumulate $TLOS tokens. The method accommodates fiat cost strategies equivalent to credit score/debit playing cards, financial institution transfers, Apple Pay, Google Pay, and PIX. Moreover, transactions might be performed in additional than 40 world currencies.
“This step reinforces our dedication to bridging the crypto and traditional financial systems,” introduced Szymon Sypniewicz, CEO of Ramp, in a press release. “And significantly boosts the accessibility of Web3 gaming through Ramp.”
Telos Blockchain
Telos, a third-generation blockchain platform, makes use of a delegated proof-of-stake (DPoS) consensus mechanism. Its purpose is to develop into the default decentralized community for Web3 gaming whereas supporting a vibrant DeFi ecosystem. Telos, with over 900,000 consumer accounts, hosts numerous decentralized functions (dApps), together with blockchain video games, NFTs, decentralized exchanges, and DeFi protocols. The $TLOS token performs a central position within the Telos ecosystem.
Based on CoinMarketCap, the market capitalization of $TLOS reached over $75 million as of February 2, 2024, and is able to processing as much as 15,200 transactions per second whereas sustaining a mean gasoline price of lower than $0.001. Furthermore, by way of its DPoS mannequin, Telos addresses power effectivity and ESG compliance, aligning with extra sustainable blockchain applied sciences.
Future Prospects for the Telos and Ramp Network Partnership
Ramp’s help for fiat-to-$TLOS transactions simplifies the onboarding course of for brand spanking new customers and makes Telos’ blockchain providers extra accessible. This growth may positively affect the adoption of Web3 gaming and different dApps on the Telos community.
“Through Ramp, we are opening the doors to global access, ensuring everyone can benefit from our future-ready blockchain’s low fees and lightning-fast capabilities, all within a simplified user-experience process,” said Lee Erswell, CEO of the Telos Basis. “This integration is a significant step towards a future where the transition between crypto and fiat is not just achievable but a streamlined, everyday reality.”
The partnership between Ramp Network and Telos highlights the rising synergy between fintech and blockchain applied sciences. It signifies a shared imaginative and prescient for a extra inclusive and environment friendly digital asset economic system.
As Ramp Network launches its world on-ramp for the Telos blockchain’s $TLOS token, enhancing entry worldwide, traders ought to keep in mind to train warning. Given the volatility of the crypto market, it’s sensible to take a position solely what you possibly can afford to lose by researching and making knowledgeable choices.
