Ramp Network Adds Support for Ethereum Layer 2 Chain Base

Ramp Network, a fintech startup, has integrated with the Layer 2 network Base, developed by Coinbase. This integration will allow clients to convert fiat currencies into ETH and USDC, as well as support third-party developers in creating applications using Ramp’s services. The CEO of Ramp Network, Szymon Sypniewicz, expressed excitement about the integration and the opportunities it brings. Ramp Network has expanded its presence globally and supports over 40 crypto assets.

Base’s Recent Developments

Base recently opened its mainnet for builders, providing them with tools such as smart wallet infrastructure and node providers. They also plan to release an NFT to commemorate early adopters. Base will have a public launch in August to onboard more users and offer a seamless and secure experience across multiple products.

Key Points:

– Ramp Network has integrated with the Ethereum Layer 2 chain Base, developed by Coinbase.
– Clients can convert fiat currencies into ETH and USDC.
– Third-party developers can create applications using Ramp’s services.
– Base offers tools for builders, including smart wallet infrastructure and node providers.
– Base will have a public launch in August to onboard more users.

Hot Take

Ramp Network’s integration with Base is a significant step in providing users with more choice and access to Layer 2 solutions. It will not only enable easy conversion of fiat to digital currencies but also support the development of innovative applications. As the crypto industry continues to evolve, collaborations like this will contribute to the growth and adoption of cryptocurrencies.