MetaMask’s Partnership with Ramp Network Bridges Web3 and Web2

Ramp Network has expanded its partnership with MetaMask, allowing users to withdraw Ether directly from Layer 2 (L2) networks into fiat currencies.

This integration streamlines the traditionally complex crypto cashout process by offering faster and more cost-effective withdrawals from L2 networks such as Optimism, Polygon, and BNB Chain.

Supporting over 35 fiat currencies, the feature provides a practical alternative to mainnet withdrawals, which often come with higher fees and longer processing times.

As demand grows for seamless conversion of crypto assets to cash, this move offers a direct solution without the need for intermediaries like exchanges.

Simplifiy Ether-to-Fiat Withdrawals via MetaMask

MetaMask users can now seamlessly convert Ether from L2 networks to fiat currencies through instant bank transfers in the US and real-time SEPA Instant payouts in Europe.

Ramp Network CEO Szymon Sypniewicz emphasized that this off-ramp solution removes the need for bridging or relying on centralised exchanges, streamlining the process for users.

Sypniewicz noted:

“Our goal is to simplify the process while maintaining the decentralized principles of blockchain technology. [We offer] users a direct and secure way to exchange their crypto on L2s directly to fiat.”

L2 off-ramps unlock liquidity on these networks, which offer lower transaction fees compared to Ethereum’s mainnet, often burdened by scalability challenges and congestion.

Sypniewicz assured that the off-ramping process is both secure and efficient, providing a seamless experience for all users.

He added:

“Pro users can avoid the risks and inefficiencies of bridging, while less experienced users are spared from complex steps, reducing the likelihood of costly mistakes.”