Ramp launches global On-Ramp for $TLOS, the native token of the Telos blockchain

By Crypto Gloom On Feb 1, 2024

by chain wire

Posted: February 1, 2024 11:15 AM Updated: February 1, 2024 11:15 AM

London, UK, February 1, 2024, Chainwire

Ramp Network, a financial technology company building payment rails connecting cryptocurrencies and the global financial system, announced the launch of a global onramp for the native $TLOS token on the Telos blockchain, including in the United States.

With $TLOS Onramp support, users in 37 US states and over 150 countries around the world can earn $TLOS tokens using familiar fiat payment methods such as credit/debit cards, bank transfers, Apple Pay, Google, etc. there is. Pay and PIX support payments in over 40 global currencies.

By becoming one of the first major cryptocurrency onramps to support direct fiat for $TLOS transactions, Ramp is demonstrating its commitment to significantly increasing accessibility to the Telos blockchain and specifically supporting the fast-growing Web3 gaming ecosystem.

lamp quotes

“We are excited to integrate $TLOS into our global onramp product, making it easier for users in more than 150 countries to participate in the Telos blockchain. This step reinforces our commitment to connecting cryptocurrencies with traditional financial systems and significantly improves the accessibility of Web3 games through Ramp,” said Szymon Sypniewicz, CEO of Ramp.

Quote from Telos

“Telos was fundamentally designed with speed and scalability in mind, and our integration with Ramp enhances this ethos by providing a seamless fiat-to-crypto solution. This collaboration not only provides users with easy and fast transactions, but is also perfectly aligned with our vision of a frictionless blockchain experience. With Ramp, we open the door to global access, ensuring everyone can benefit from the low fees and lightning-fast capabilities of future-proof blockchains, all within a simplified user experience process. “This integration is an important step toward a future where switching between cryptocurrency and fiat is not only achievable but a streamlined everyday reality.” ~Lee Uswell, CEO, Telos Foundation

Telos is a third-generation blockchain based on a delegated proof-of-stake consensus mechanism that aims to become the default decentralized network for Web3 games while supporting a dynamic DeFi ecosystem. It is home to a growing world of decentralized applications, including blockchain gaming, NFTs, decentralized exchanges, DeFi protocols, and more, in which the $TLOS token plays a pivotal role. According to CoinMarketCap, the market capitalization of $TLOS is $73,108,048 as of January 26, 2024.

The Telos blockchain offers several important benefits and features that set it apart from other decentralized networks, one of the most notable being its support for lightning-fast transactions of 15,200 transactions per second. It also boasts very low fees, with an average gas cost of less than $0.001. Unparalleled low fees and this high efficiency make Telos the best platform for a wide range of dApps where these features are of primary interest to users.

Thanks to its cutting-edge DPoS consensus mechanism, Telos claims to be the world’s fastest Ethereum Virtual Machine (EVM)-compatible blockchain, and has plans to become even faster by deploying one of the industry’s first Zero Knowledge rollup networks. . These developments highlight Telos’ commitment to privacy as well as efficiency and scalability and significantly enhance the utility of the $TLOS token. Meanwhile, the DPoS model makes Telos one of the most energy-efficient blockchains and is fully ESG compliant, in line with the growing demand for environmentally sustainable blockchain networks.

Telos’ outstanding efficiency and sustainability have allowed it to grow into one of the most vibrant and diverse ecosystems in the blockchain industry, with a globally active community playing a critical role in its ongoing development and adoption. The comprehensive nature of blockchain infrastructure means that both $TLOS holders and developers have significant influence on the network in terms of transaction confirmation and processing and governance. At last count, Telos had over 900,000 user accounts, 160,000 social media followers, and over 200 partner companies spanning over 150 countries.

With the launch of $TLOS on-ramp, Ramp now supports fiat-to-$TLOS transactions in over 150 countries directly through the Ramp widget. $TLOS can also be purchased through hundreds of third-party dApps that have integrated Ramp’s onramp via its developer API.

As one of the leading fintech infrastructure providers in cryptocurrency, Ramp is helping millions of consumers access Web3 with industry-leading on and off ramps that simplify the process of buying and selling digital assets. Ramp uses native APIs to allow developers to integrate easy-to-use cryptocurrency on/off ramps directly within their dApps, ensuring fast and seamless cryptocurrency purchases. Ramp now supports over 100 digital assets, significantly reducing onboarding complexity for new users. Because you no longer need to look for third-party platforms to acquire the cryptocurrency assets you need.

Lamp introduction

Ramp is a financial technology company building solutions that connect the cryptocurrency economy with today’s global financial infrastructure. Through its core onramp and offramp products, Ramp provides businesses and individuals in more than 150 countries with a streamlined, seamless experience when converting between crypto and fiat. Ramp is fully integrated with the world’s leading payment methods, including debit cards, credit cards, bank transfers, Apple Pay, Google Pay, and more.

About Telos Foundation

Telos is a growing network of networks (Layer 0) that enables Zero Knowledge technology for ultimate scalability and privacy that supports all industries and applications. The expanding Telos ecosystem includes over 1.2 million accounts, hundreds of partners, and numerous dApps. Launched in 2018, Telos is known for its flawless record of zero downtime for five years and is home to the Telos EVM, the world’s fastest Ethereum virtual machine. Telos is positioned to lead enterprise adoption into a world of borderless Web3 technologies and decentralized solutions.

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