Ramp Network

Basics

• Based in: UK and Poland (12-5-2021)
• Started in / Announced on:
• Testnet release:
• Mainnet release:
• Fiat Gateway aggregating various sources of liquidity and payment methods.

Technology

• Whitepaper can be found [insert here].
• Code is open source and can be viewed here.

Implementations

• Works as an SDK which can be integrated by DApps.

How it works

• Charges(12-5-2021) from 0.49% to 2.9% per transaction, depending on the purchase volume and chosen method of payment.

Compliance

• From the website (12-5-2021):

"Ramp is fully compliant and regulated. Supervised by the Financial Conduct Authority for crypto activity. Supervised by the Financial Supervision Authority for the open banking activity."

• From the FAQ (12-5-2021):

"We have to make sure we adhere to KYC rules concerning cryptocurrency purchases. In practice, this means that you as a user will need to work with us to verify your identity in order to transact via Ramp. Very often we are able to complete KYC identity verification using your bank account data via open banking API. This process takes seconds, and no physical document is required."

Their Other Projects

Ramp Pools

• Seems to have been canceled as of 5-2023, since no info is online anymore.
• From the FAQ (12-5-2021):

"Ramp Pools is currently not operating. Ramp Pools is a decentralized system allowing anyone with a supported bank account to earn yield by providing liquidity in selected crypto assets.

You can think of Ramp as decentralized a Coinbase. We connect with your bank account API and ask buyers to pay for your crypto directly to your account. We settle trades based on information from your bank's API. You do not need to do anything, just sit back and enjoy your profits.

Transactions are super secure. Your crypto is going to be locked in a secure smart contract and released automatically to buyers as their bank transfers arrive at your bank account. Ramp Pools is currently not operating."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].
• From the FAQ (12-5-2021):

"Our smart contracts got audited by Quantstamp. We can make the results of the audit available at your request."

Usage

Projects that use or built on it

• Polkadot, Celo, Polygon and Tezos are all mentioned as 'partners' but it seems more like DApps on these chains could now integrate Ramp, if they chose so (12-5-2021).

Team, Funding, Partnerships, etc.

Team

• Full team can be found here.
• From the website (12-5-2021):

"Ramp Swaps Ltd is a company registered in England and Wales with company number 11850124. Registered office: 3 More London Riverside, London, United Kingdom, SE1 2AQ. Ramp Link sp. z o.o. is a limited liability company registered in Poland and a subsidiary of Ramp Network sp. z o.o. (sole shareholder). Ramp Link is registered with the Polish Financial Supervision authority for provision of account information service under number AISP3/2020."

Funding

• From their blog (6-2021):

"Raised $10.1 million in funding to take Ramp to the next level and continue pushing the frontier of what's possible in the crypto space. Our Seed round was led by NFX and Galaxy Digital, with the participation of some of the best fintech and crypto entrepreneurs and funds."

Partners

• Polygon has a partnership.

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