Ramp Network and MetaMask expanded their partnership to allow MetaMask users to withdraw Ether directly from L2 networks to fiat currencies. This update simplifies and reduces the costs of the process.
Direct L2 cashouts via MetaMask
MetaMask users with Ether held on L2 networks like Optimism, Polygon, and BNB Chain can convert to fiat currencies thanks to instant bank transfers in the US and real-time payouts via SEPA Instant in Europe.
Off-setting Ethereum mainnet costs
L2 off-ramps help unlock liquidity by offering lower transaction fees than Ethereum’s mainnet, avoiding the complexities and risks associated with mainnet transactions and providing a secure cashout process.
Web3 made easier for Web2 users
Partnerships like that of Transak and Ronin Network, which simplified the process of purchasing tokens and NFTs with familiar payment methods, are part of a broader trend of integrating Web2 users into the crypto sphere.
Both Ramp Network and MetaMask continue to pursue solutions to ease the processes for crypto users, making technologies more accessible and paving the way for wider adoption.
