Layer 2

Ramp Network introduces direct cash out for Ethereum L2s via MetaMask

Published

8 months ago

January 22, 2025

Ramp Community, a platform for crypto on-and-off ramp options, has introduced that customers can now promote their crypto immediately over Ethereum Layer-2 networks by way of MetaMask.

In a single announcementRamp Community mentioned it was working with MetaMask to allow direct withdrawals of Ethereum (ETH) immediately from layer 2 networks resembling Optimism, Polygon and BNB Chain. The partnership means MetaMask customers can promote their tokens for fiat with out having to bridge to the Ethereum mainnet.

Ramp’s first collaboration with the Ethereum-based pockets passed off in September 2023.

MetaMask, owned by web3 software program studio Consensys, is a number one non-custodial crypto pockets linked to most decentralized purposes.

The most recent section of the partnership will ship on the spot payouts to customers via help for greater than 35 native currencies. Assist is offered in 130 international locations, the platform mentioned. MetaMask customers with ETH on layer 2 networks can money out in fiat via native banks.

The combination expands Ramp Community’s providing that permits customers to buy crypto with direct financial institution transfers, credit score or debit playing cards, and native fee choices.

Catastrophe’s Growth Efforts

On January 18, Ramp Community expanded its partnership with World Chain. Due to the partnership with Instruments for Humanity, Ramp clients should purchase and promote World token (WLD) and USDC (USDC) on World Chain. The combination launched on-ramp and off-ramping providers for each USDC and WLD on Optimism.

Ramp Community has added crypto-to-fiat off-ramp help for Mexican banks via integration with Sistema de Pagos Electrónicos Interbancarios, or SPEI. The milestone, introduced in October 2024, allowed Ramp Community to supply real-time crypto-to-Mexican peso payouts to its clients throughout Mexico.

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Earlier in September, the platform launched its service in all 50 US states and the District of Columbia. The corporate additionally gives its resolution in Brazil.