RAMP: A seamless gateway to fiat to crypto

3 min read | December 16, 2021 08:53 AM GMT | By Manu Shankar

Highlights 

  • London-based RAMP is a decentralised protocol, which aims to increase decentralised finance adoption.
  • Powered by twin blockchain networks Ethereum and Binance Smart Chain, it allows a unique way for non-ETH users to stake tokens on ETH platforms.
  • Co-founded by Przemek Kowalczyk & Szymon Sypniewicz, RAMP has been in the news following its announcement of raising US$52.7 million Series A funding. 

London-based RAMP is a decentralised protocol, which aims to increase DeFi adoption. The main objective of RAMP is to provide a seamless gateway to provide fiat to crypto. Recognised by the Financial Conduct Authority, RAMP makes blockchain-enabled applications a powerful tool for the market players.

Co-founded by Przemek Kowalczyk & Szymon Sypniewicz, RAMP has been in the news following its announcement of raising US$52.7 million Series A funding. The funding round comes at the back of the volume growth it witnessed last year. The transaction volume soared by almost 30 times, which has helped it target even bigger growth in 2022. 

The funding round, which was led by Balderton Capital, NFX, Galaxy Digital, Seedcamp, Firstminute Capital and other angel investors, is aimed to take a long-term approach to bring crypto benefits to its users. With its unique payment infrastructure, RAMP gives the users multiple options to do business in a way that prioritises growth, trust, and security.

Also read: 8 top events that made headlines in cryptosphere in 2021

What makes RAMP unique?

The enterprises can offer seamless crypto-enabled services with RAMP protocol without setting their on-ramping stack to an exchange. And this helps them save time and save up on the transaction cost. 

Besides, they also don't have to toggle between multiple processes, making the verification process simple. So, in a way, it offers the solutions to create a payment infrastructure simpler and faster. Sypniewicz feels that this funding would help them unlock the crypto potential and help the enterprises get instant access to leading cryptocurrencies with a provider they can trust.

What's RAMP's price prediction?

The funding round had a significant impact on the RAMP's market performance. RAMP is ranked 478 on CoinMarketCap, and it is currently trading at US $0.207186 with a trading volume of US $67,092,711 over a day. RAMP was up by 11% at the time of writing, with a live market cap of US $84,104,297 and a supply of 405,937,142 RAMP coins. 

According to market experts, RAMP is set to explode in 2022. They believe that by 2022, RAMP could gain higher and expect its price could touch US$0.328. By 2026. Experts believe that the RAMP will be a token to reckon with and are projecting growth of approximately +300%. 

Also read: Why is Voxies (VOXEL) crypto surging today?

Conclusion 

Over the past month, RAMP has seen its share of ups and downs. However, this funding round could perhaps give it the impetus to build on its larger ambitions. With unique features and payment infrastructures, RAMP could provide a PayPal-like gateway assuming it can develop its technology further. As far as the market is concerned, it has created enough interest for the investors to invest in a token that can perhaps give good returns in the long run. 


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