Ramp Network, the financial technology company building payment rails that connect crypto to the global financial system, is proud to announce the availability of the first document-free verification system of its kind. This functionality is now accessible to users looking to buy crypto in Brazil and will be further expanded in the near future.
With its new document-free verification option, Ramp allows eligible users looking to purchase crypto to prove their identity in seconds instead of minutes simply by providing their verified national tax or ID number, allowing for near-instant onboarding and a smooth transaction experience are guaranteed. .
Most providers ask users to provide copies of their IDs when they want to buy crypto. This process can be cumbersome as outdated identification verification tools slow down transaction speed and impact the overall user experience. That’s why Ramp has introduced a groundbreaking feature that allows Ramp users to buy crypto up to four times faster, while ensuring the utmost security and regulatory compliance.
In Brazil, the pioneering country of this functionality, eligible citizens can simply enter their CPF (taxpayer registration) number and upload a selfie to initiate verification. The system then quickly verifies users by checking their information against the government database, ensuring a secure and compliant process that takes just a matter of seconds.
This update is in line with Ramp’s mission to help millions of new users get on board with Web3 with the easy-to-use on and off ramps. As one of the leading fintech infrastructure providers in the crypto industry, Ramp enables users to seamlessly purchase digital assets using fiat, and supports dozens of local currencies worldwide. Available as a standalone app, Ramp also integrates with any third-party application via a simple API, giving their customers an easy way to purchase the crypto they need to get started using those apps.
“At Ramp we want Web3 onboarding to be not only secure, but also smooth and fast. That’s why we implemented this innovative feature, which reduces the verification process from minutes to seconds and eliminates the need for cumbersome physical documents for such transactions.” said Szymon Sypniewicz, CEO and co-founder of Ramp. “This move reinforces our commitment to making crypto effortless.”
Ramp plans to expand document-free verification to more markets in the future, and the initial launch in Brazil fits in with Ramp’s support for Pix, the country’s number one payment gateway, popular cards and the Brazilian real (BRL). Ramp identified Brazil as a key growth market and also established a local entity last year. Brazil is the logical starting point for Ramp before expanding the unprecedented convenience of document-free functionality to other countries.
About Disaster
Ramp Network (https://ramp.network/) is a financial technology company building solutions that connect the crypto economy with today’s global financial infrastructure. Through its flagship on- and off-ramp products, Ramp provides businesses and individuals in more than 150 countries with a streamlined and frictionless experience when converting between cryptocurrencies and fiat currencies. Ramp is fully integrated with the world’s major payment methods, including debit and credit cards, bank transfers, Apple Pay, Google Pay and more.
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