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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.
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?
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.
Few of us imagined 2020 the way it’s turned out. For one, we have all been affected by the pandemic and are only now beginning to comprehend the repercussions it will have on global markets in the near future.
Crypto in 2020 resembles the Internet of the early 1990s. Promising but very hard to navigate. Although there’s a lot of progress in terms of UX with mobile wallets, social recovery and nicer UIs, we haven’t yet had the Mosaic moment of crypto. Mosaic was the Internet browser that led to the 1990s Internet boom.
At Ramp we believe better user experience is the key to enable breakthrough use cases in crypto, as well as to let existing crypto products grow.
Revolut is scoring all the highest marks when it comes to a great experience in financial services, so obviously it was huge news when cryptocurrency support was announced. However, despite the pleasant UX and competitive fees (even with last week’s increase from 1.5% to 2.5%), buying crypto in Revolut might not be the best idea ever. Why?
