Ramp Network, a leading financial technology firm specializing in connecting cryptocurrencies with the global financial system, proudly unveils its groundbreaking document-free verification system. This innovative feature is now accessible to users in Brazil, marking a significant milestone in Ramp’s mission to facilitate seamless crypto transactions worldwide.
Traditionally, purchasing cryptocurrencies often involves a cumbersome process of submitting identity documents, resulting in delays and a subpar user experience. However, Ramp revolutionizes this process by enabling eligible users in Brazil to verify their identities within seconds using only their verified national tax or ID number. This streamlined approach ensures near-instant onboarding and smooth transactions, enhancing both efficiency and security.
In Brazil, users can initiate the verification process by inputting their CPF (taxpayer registry) number and providing a selfie, which is swiftly cross-referenced with the government’s database for authentication. This seamless procedure takes mere seconds, setting a new standard for simplicity and compliance in crypto transactions.
This update aligns with Ramp’s commitment to facilitating the onboarding of millions of new users into Web3 through user-friendly on- and off-ramps. As a leading provider of fintech infrastructure in the crypto industry, Ramp supports the seamless purchase of digital assets using fiat currencies and integrates with third-party applications via a simple API.
Szymon Sypniewicz, CEO and co-founder of Ramp, emphasizes the company’s dedication to ensuring both security and efficiency in Web3 onboarding. He states, “At Ramp, we want Web3 onboarding to be not only secure but also smooth and rapid. That’s why we’ve implemented this innovative feature, reducing the verification process from minutes to seconds, and eliminating the need for cumbersome physical documents for such transactions.”
Looking ahead, Ramp plans to expand its document-free verification system to additional markets, building upon its successful launch in Brazil. This strategic move aligns seamlessly with Ramp’s support for Pix, Brazil’s leading payments gateway, popular cards, and the Brazilian real (BRL). Recognizing Brazil as a key growth market, Ramp established a local entity last year, positioning itself for further expansion and the introduction of its unprecedented convenience to other countries.
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