Ramp Network, a fintech company that builds payment bridges between cryptocurrency and the global financial system, announced a global on-ramp for $TLOS, Telos‘ native token. This initiative is now available in the US, allowing users from over 150 countries, including 37 states, to purchase $TLOS tokens easily.
This payment gateway offers a range of payment options, including credit/debit cards, bank transfers, digital wallets (such as Apple Pay and Google Pay), and PIX in Brazil. They support over 40 global currencies, making it more accessible to a broader audience.
Ramp now supports direct fiat-to-$TLOS transactions, enhancing access to the Telos blockchain for Web3 gaming. Telos is a third-generation blockchain aiming to become the go-to decentralized network for Web3 gaming. It supports a vibrant DeFi ecosystem and hosts various decentralized applications, including blockchain games, NFT platforms, decentralized exchanges, and DeFi protocols, with $TLOS token playing a central role in its economy.
We are thrilled to integrate $TLOS into our global on-ramp offering, making it easier for users across 150+ countries to engage with the Telos blockchain. This step reinforces our dedication to bridging the crypto and traditional financial systems, and significantly boosts the accessibility of Web3 gaming through Ramp.
Szymon Sypniewicz, CEO of Ramp.
TLOS had a market cap of $73 million in late January 2024. It can process 15,200 transactions per second with an average transaction fee of less than $0.001, making it an attractive platform for developers and users who need high throughput and low costs.
Telos has taken up the challenge of improving its infrastructure by introducing a Zero Knowledge rollup network. This demonstrates Telos’ commitment to privacy, scalability, and efficiency. With its DPoS consensus mechanism, Telos now stands as the world’s fastest Ethereum Virtual Machine (EVM)-compatible blockchain and is aiming for even higher speeds in the future. Additionally, Telos has dedicated itself to sustainable blockchain solutions through its energy-efficient nature and compliance with ESG standards.
Telos is fundamentally designed for speed and scalability, and our integration with Ramp enhances this ethos by delivering a seamless fiat-to-crypto solution. This collaboration not only empowers our users with effortless and rapid transactions, but it also aligns perfectly with our vision of a frictionless blockchain experience. Through Ramp, we are opening the doors to global access, ensuring everyone can benefit from our future-ready blockchain’s low fees and lightning-fast capabilities, all within a simplified user-experience process. This integration is a significant step towards a future where the transition between crypto and fiat is not just achievable but a streamlined, everyday reality.
Lee Erswell, CEO of the Telos Foundation
The Telos blockchain has a thriving ecosystem with over 900,000 user accounts and significant engagement from partner firms and social media. Ramp’s $TLOS on-ramp simplifies the process for users and developers to access the blockchain, while its infrastructure supports over 100 digital assets, making it easier for new users to onboard and access Web3 opportunities.