Ramp Network Enhances Collaboration With MetaMask For Seamless Ethereum Layer 2 Withdrawals Metaverse Post

Financial technology company Ramp Network , recognized for developing payment infrastructures that link cryptocurrency with the global financial realm, announced a significant expansion of its enduring collaboration with the self-custodial crypto wallet MetaMask . Effective immediately, MetaMask users everywhere can directly sell their ETH tokens from Ethereum Layer 2 networks for cash, with over 35 fiat currency options supported.

"We’re excited to deepen our alliance with MetaMask by rolling out direct Layer 2 cashouts,\" shared Szymon Sypniewicz, CEO of Ramp Network, in an official statement. \"Layer 2 solutions represent the future of crypto, and we’re simplifying the transaction process for MetaMask users—what once required 12 or more intricate steps can now be accomplished in just a few clicks,\" he added.

The rollout of Ethereum Layer 2 cashout options significantly improves the user experience for MetaMask customers by making transactions quicker, easier, and more cost-effective. Users can swiftly convert their ETH to cash directly from their wallets in mere seconds. At this time, Ramp Network supports ETH cashouts for Layer 2 networks such as Optimism , Polygon, BNB Chain , and others.

Historically, converting assets from Web3 wallets has been a lengthy and complicated task, often involving numerous phases like asset bridging, moves to exchanges, and bank withdrawals. Thanks to Ramp Network’s Layer 2 cash-out feature, this procedure has been considerably streamlined, cutting the time needed from an hour down to less than a minute.

The integration with MetaMask builds upon Ramp Network’s previous achievements, providing additional convenience for users of this widely-used wallet. By accommodating a diverse range of currencies, Ramp Network enhances its utility for MetaMask users, making seamless currency conversions between fiat and cryptocurrencies possible. This functionality allows MetaMask users to skip several tedious steps, notably eliminating reliance on the Ethereum mainnet. This update not only quickens cashouts but also makes them significantly more economical by removing bridging fees and excessive gas charges. Layer 2 networks Ramp Network’s Partnership With MetaMask Enhances User Cashouts and Experience During Bull Markets 

This announcement comes during a notable increase in cryptocurrency valuations. Bitcoin has recently exceeded the $100K milestone for the first time, with other cryptocurrencies, including Ethereum, experiencing similar surges, as ETH has risen by more than 50% in the last 30 days. As market conditions shift upward, many investors seek rapid cashouts to secure profits or realize investments prior to potential declines. Ramp Network’s service

streamlines this transaction process, facilitating quicker exchanges with minimal delays. integration with MetaMask With options for instant bank transfers in the United States, real-time payouts via SEPA Instant in Europe, and global card services, MetaMask users can conveniently swap their Layer 2 ETH tokens for more than 35 currencies across over 130 nations.

has established itself as one of the leading on- and off-ramp services for MetaMask users, and this latest enhancement fortifies that partnership. Looking forward, Ramp Network intends to broaden its support for additional tokens, blockchains, and Layer 2 networks on MetaMask, ensuring users benefit from smooth, cost-efficient transactions between fiat and cryptocurrencies.

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