Ramp Network has today announced a partnership with Helio, a Web3 payments platform built on the Solana blockchain, to build payment rails that link cryptocurrency to the global financial system. According to a press release, the integration will empower e-commerce businesses and content creators to have an easier time accepting fiat currency, USDC stablecoins, and other crypto tokens from the cryptocurrency market.
Helio launched on Solana in 2022 and since then the decentralised application has processed over $25 million worth of payments across over 75,000 individual digital wallets. It signaled its high growth potential from the onset and has quickly risen to become one of the top 10 dApps on that network.
On the other hand, Ramp has become renowned for its innovative on/off ramp solutions, making it easy for people and organisations in more than 150 countries to convert between cryptocurrency and fiat currency. The partnership with Helio is a special as it is Ramp’s first partnership with a leading project in Solana’s ecosystem, though it has provided on/off ramp support for $SOL tokens since 2021.
Integrating with Ramp’s one-time onboarding and verification procedure provides near-instant processing of fiat transactions, allowing clients quick access to their cryptocurrency assets for use with any decentralised application (dApp) they want.
Following the integration, users of the Helio app will be able to convert fiat currency to cryptocurrencies such as $ETH, $SOL, $MATIC, $USDC, and more with ease. Furthermore, the two companies say that it is not just about enabling efficient fiat/crypto transactions, but also making it easier for online retailers, content creators and users to onboard Web3.
The interface between Helio and Ramp enables Web3 businesses and creators to provide onboarding help for new users. This will help them reach more people interested in their work or services, expanding their audience beyond the crypto ecosystem.
This post was last modified on Nov 28, 2023, 16:24 GMT 16:24