Ramp Network and Telos: Expanding $TLOS Accessibility Worldwide

Ramp Community, a fintech firm constructing fee rails between crypto and the worldwide monetary system, has launched a worldwide on-ramp for the Telos blockchain’s native $TLOS token. This transfer additionally consists of customers in the USA.

Ramp’s International Attain

Ramp, which helps over 100 digital property, gives shoppers with entry to Web3 by its on- and off-ramps, that are designed to make the shopping for and promoting of digital property extra simple.

With the launch of this on-ramp, Ramp Network has enabled customers from over 150 nations, together with 37 U.S. states, to accumulate $TLOS tokens. The method accommodates fiat fee strategies similar to credit score/debit playing cards, financial institution transfers, Apple Pay, Google Pay, and PIX. Moreover, transactions might be performed in additional than 40 international currencies.  

“This step reinforces our dedication to bridging the crypto and conventional monetary methods,” introduced Szymon Sypniewicz, CEO of Ramp, in an announcement. “And considerably boosts the accessibility of Web3 gaming by Ramp.”

Telos Blockchain

Telos, a third-generation blockchain platform, makes use of a delegated proof-of-stake (DPoS) consensus mechanism. Its objective is to change into the default decentralized community for Web3 gaming whereas supporting a vibrant DeFi ecosystem. Telos, with over 900,000 person accounts, hosts varied decentralized purposes (dApps), together with blockchain video games, NFTs, decentralized exchanges, and DeFi protocols. The $TLOS token performs a central function within the Telos ecosystem.

Based on CoinMarketCap, the market capitalization of $TLOS reached over $75 million as of February 2, 2024, and is able to processing as much as 15,200 transactions per second whereas sustaining a median gasoline price of lower than $0.001. Furthermore, by its DPoS mannequin, Telos addresses power effectivity and ESG compliance, aligning with extra sustainable blockchain applied sciences.

Future Prospects for the Telos and Ramp Community Partnership

Ramp’s assist for fiat-to-$TLOS transactions simplifies the onboarding course of for brand spanking new customers and makes Telos’ blockchain providers extra accessible. This improvement may positively impression the adoption of Web3 gaming and different dApps on the Telos community. 

“Via Ramp, we’re opening the doorways to international entry, making certain everybody can profit from our future-ready blockchain’s low charges and lightning-fast capabilities, all inside a simplified user-experience course of,” acknowledged Lee Erswell, CEO of the Telos Basis. “This integration is a major step in the direction of a future the place the transition between crypto and fiat is not only achievable however a streamlined, on a regular basis actuality.”

The partnership between Ramp Community and Telos highlights the rising synergy between fintech and blockchain applied sciences. It signifies a shared imaginative and prescient for a extra inclusive and environment friendly digital asset financial system. 

As Ramp Community launches its international on-ramp for the Telos blockchain’s $TLOS token, enhancing entry worldwide, buyers ought to keep in mind to train warning. Given the volatility of the crypto market, it’s sensible to take a position solely what you possibly can afford to lose by researching and making knowledgeable selections.