All about crypto on-ramps

When Ethereum followed Bitcoin, we were all amazed by its incredible capabilities. Everything was possible and the internet of money was within arms reach. However, once we started to build, Ethereum shortcomings became evident - high gas costs, slow transaction speeds and lack of scalability threatened to stall the web3 movement. This post will be the first one in the Scaling series - where we discuss opportunities presented by different Layer 2 solutions or gas optimised sidechains. 

This time, the spotlight is on Polygon, formerly known as Matic Network.

We have been talking a lot about partnerships, implementations and wide-scale uses for crypto ramps, both ours (ramp.network) and in general. However, sometimes all you need is an easy way to get crypto, and Ramp can help here as well.

Some of the greatest advantages of the crypto community and market are mutual understanding and common goals. Most users, readers, members and customers are genuine enthusiasts, knowledgeable about the subject and very eager to give feedback, try new solutions and help. Or, so seems to be the case - reality differs a bit.

When we talk about Ramp, we often say that we work on making banks and blockchain interoperable. Bridging two separate ledgers is not always easy - especially when there are so many foundational differences between the old and the new worlds. But we want them to cooperate in the long run. 

In this sense, there's a lot we share with the amazing team at Polkadot & Web3 Foundation - a common goal of supporting developers in building beautiful, customised and cooperating use-cases in crypto. We're tremendously happy to announce Ramp has just become a part of this ecosystem!

Crypto ramps make the process of buying (and selling) crypto in wallets and other crypto-based platforms much quicker, easier and more convenient. Good ramps operate on seamlessly integrated screens and take just a few clicks - but is it secure?

We believe blockchain technology will significantly improve the lives of billions of people around the world, and will likely be the most important GDP multiplier since the internet. This generational opportunity will unlock a multi-trillion-dollar potential for the global economy.

This year will be all about making crypto easier to use than trad-fi. We see many exciting ecosystems blooming and we hope to be part of their success by delivering a fast, reliable, easy to use and integrate way to purchase their native assets.

We have been writing about crypto ramps and on-ramps for quite some time, but recently found out that the term itself does not really have a clear definition elsewhere. To avoid confusion, make things easy & propagate good terminology in the industry, we have decided to make things transparent.

When talking about cryptocurrencies, the things that immediately come to mind are crypto wallets, exchanges and direct conversions of fiat <> crypto. Crypto is only a direct investment mechanism, though: it can be used to purchase stuff, and many game developers are using cryptocurrencies for their in-game mechanics.

At Ramp we focus on excellent user experience. And part of that is always expanding supported payment methods to make sure our users will always find something that fits them. Last week we unveiled Ramp 2.0 and today we want to talk about what’s new regarding payment methods: what just got a huge upgrade and which method will suit your case best. Keep on reading!