
MetaMask users can now convert Ether from layer-2 networks directly into fiat currencies, thanks to a new partnership with Ramp Network. This collaboration simplifies the crypto cashout process by enabling quicker and more cost-effective withdrawals from networks such as Optimism, Polygon, and BNB Chain. Supporting over 35 fiat currencies, the integration offers users an alternative to mainnet withdrawals known for higher fees and delays.
Amidst rising demand from Ethereum layer-2 users seeking efficient ways to cash out without relying on exchanges, Ramp Network CEO Szymon Sypniewicz emphasized the streamlined and secure process provided by the partnership. This system eliminates unnecessary steps and upholds the decentralized nature of blockchain technology. Users in the US can benefit from instant bank transfers, while those in Europe have access to real-time payouts via SEPA Instant.
Layer-2 off-ramps facilitate liquidity for these networks without the higher transaction fees associated with Ethereum’s mainnet. This secure and straightforward approach benefits both experienced users, who can bypass bridging risks, and less experienced users, who avoid complex steps and costly errors.
The partnership between MetaMask and Ramp Network is part of a broader trend seeking to simplify the transition of fiat to crypto as the digital currency market becomes increasingly mainstream, attracting more traditional users.