changelogUpdate
Read More

Crypto Adoption Grows as Ramp Network Reaches All 50 U.S. States

10 Sept 2024
2 Minute Read
writtenByLuis F. Reyes

Sentiment Status: Positive

Ramp Network announced the addition of 17 new states, including markets where regulatory hurdles often posed challenges for crypto providers.

Ramp Network, a U.K.-based crypto payments infrastructure provider, expanded its services to all 50 U.S. states, including traditionally challenging markets like New York and Louisiana. The expansion now provides more than 100 million Americans access to buying and selling crypto.

Crypto Adoption in the U.S.

Ramp Network, which previously operated in only 33 states and the District of Columbia, announced the addition of 17 new states, including markets where regulatory hurdles often posed challenges for crypto providers.

Szymon Sypniewicz, CEO and co-founder of Ramp Network, stated: “This expansion allows us to serve all Americans, but it also enables hundreds of our partners to onboard over 100 million people in these now accessible states. We’re thrilled to offer nationwide access and look forward to welcoming new users to our platform”.

Access to Top Cryptocurrencies

Ramp Network will now allow users to buy and sell over 100 cryptocurrencies. Supported payment methods include bank transfers, credit and debit cards, Google Pay, and Apple Pay. In addition, the platform supports popular crypto wallets like MetaMask, Trust Wallet, and Exodus, offering easy transactions for users.

The platform lists well-known cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Stablecoins like Tether (USDT) and USD Coin (USDC) are also available, though it’s important to note that the list of supported tokens may vary by state, depending on local regulatory guidelines.

Furthermore, a recent report found that 58% of Americans are familiar with Bitcoin, and over 50 million U.S. residents currently hold some form of crypto. 

The ability to purchase crypto through a simple and user-friendly interface is key to driving mass adoption.

Ramp Network’s Role Globally

Currently, Ramp operates in over 150 countries, supporting purchases in 42 fiat currencies. In addition to the U.S. expansion, Ramp is working to extend its services to countries like Argentina, Mexico, and India, where local payment methods are being integrated into the platform.

Recently, Ramp introduced a document-free verification system in Brazil, which allows users to complete crypto purchases faster and securely.

Share this article

aboutTheAuthor

Ex-crypto miner and crypto enthusiast since 2019.