Ramp Network (RAMP), a fintech company focused on connecting the crypto ecosystem with traditional finance, is launching The Open Network (RAMP) as part of its effort to turn Telegram, a popular messaging app, into a “Web3 super app.”TON) formed a partnership with.
The partnership aims to create an on-ramp that will allow Telegram users to explore the Web3 world directly from the app and easily purchase Toncoin (TON) and other cryptocurrencies using any payment method they prefer.
Indeed, Ramp Network’s ramp solutions support a multitude of popular payment methods, including credit and debit cards, bank transfers, Apple Pay, Google Pay, as well as PIX, a system widely used in Brazil.
The partnership will also allow developers to leverage the onramp by integrating it into their apps, thus gaining better access to Telegram’s 800 million daily active users.
TON and Ramp Express They Are Optimistic About the Partnership
Daniel Yang, TON Foundation Global Business Development Leader, highlighted the benefits of borderless payments and the need to provide a seamless onboarding process to better encourage mass adoption of Web3:
The launch of this new on-ramp for the TON ecosystem will build on the broad range of existing options and enable additional users to purchase Toncoin and discover the unique benefits of the TON ecosystems’ near-instant, borderless transactions. Ensuring that the onboarding process is seamless and options are widely available is critical to our commitment to accelerate mass adoption of Web3 technology by non-native users.
NEWS CONTINUES BELOW
Ramp CEO Szymon Sypniewicz also expressed his excitement about the partnership and underlined the versatility and flexibility:
We are excited to work with TON and open the doors of Web3 for hundreds of millions of Telegram users. We are working on a shared mission with TON to build a decentralized future for everyone by allowing users globally to purchase TON using their local currency and preferred payment method.
TON’s Rapid Rise
Since its founding in Switzerland in early September 2023, the Open Network Foundation has been extremely active in establishing new partnerships and achieving new milestones. For example, TON officially became the world’s fastest blockchain in November this year.
In terms of its partnerships, there has been a recent trend towards social platforms and on Tuesday, December 19, TON announced its involvement with RepubliK as part of its effort to create a familiar, friendly and innovative social media platform to help users familiar with Web2 make the transition to Web3 .