![]() Paulina Jóśków, head of commercial at Ramp, said: “We’re incredibly proud not just to have delivered a game-changing product that is user-friendly, fast, and accessible for everyone in the world, but also to be granted FCA approval. Companies who integrate Ramp can now enable their end users the option to sell coins natively, within their application. Customers in more than 130 countries can exchange from any of 38 cryptocurrencies into US Dollars, Euros, and British Pounds. Several Web3 companies have committed to integrating Ramp’s off-ramp, including Brave, Ledger, and Trust Wallet, the firm stated. The off-ramp product launch and FCA approval come shortly after Ramp’s $70m Series B fundraise. The fintech company is specialized in building payment rails connecting crypto to the global financial system. In 2021, the blockchain firm introduced its on-ramp service, registered with the UK’s Financial Conduct Authority (FCA) and US Financial Crimes Enforcement Network (FinCEN), that allows users to buy cryptocurrencies from traditional currencies. Ramp has launched its off-ramp product, which empowers users to transfer their digital assets back into fiat currency, following approval from the UK Financial Conduct Authority. This is a huge achievement for us, as compliance is a cornerstone of our business and what we stand for.” “To obtain and maintain our FCA registration, we must meet and operate within their strict anti-money laundering and counter-terrorist financing standards.
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