Ramp Network, a company that works with money and technology, is happy to say that they now have a new way for people to verify their identity without needing any documents. This is the first system of its kind. This feature can now be used by people in Brazil who want to buy cryptocurrency, and it will be available to even more people soon.
Ramp now lets people quickly prove who they are without needing to show any documents. This means that people who can buy crypto and have the right qualifications can prove their identity in just a few seconds, not minutes. All they need to do is give their verified tax or ID number. This makes it easy for them to start using Ramp and makes their transactions go smoothly.
Many companies ask people to send in their ID documents before they can purchase cryptocurrency. This process can be difficult because old-fashioned ID checks slow down the transaction and make it harder for the user. That’s why Ramp added a new feature that lets Ramp users buy crypto four times faster and still follow all the rules to keep everything safe.
In Brazil, people who are allowed to can just put in their CPF number and take a selfie to start the verification process. The system quickly checks if users are who they say they are by comparing their information with the government’s database. This makes sure the process is safe and follows the rules, and it only takes a few seconds.
This update is part of Ramp’s goal to make it easy for many new users to start using Web3. Ramp is a top fintech company in the crypto industry. It helps people easily buy digital money using regular money, and it works with many different types of money from around the world. Ramp can work on its own or be used with other apps. It can connect with other apps using a simple API. This makes it easier for customers to buy the cryptocurrency they need to use those apps.
“At Ramp, we want to make it easy and fast for people to join Web3 in a safe way. ” “We added a new feature that makes the verification process much quicker, from minutes to seconds. You don’t have to use physical documents anymore for these transactions,” said Szymon Sypniewicz, CEO and co-founder of Ramp. “This move shows that we are even more committed to making crypto easy for everyone. ”
Ramp wants to expand document-free verification to more places in the future. They are starting in Brazil, which goes well with their support for Pix, popular cards, and the Brazilian currency. Ramp set up a company in Brazil last year because they think it’s an important place to grow their business. Brazil is the best place to start using Ramp before making it available in other countries without needing documents.
Ramp Network (https://ramp.network/) is a company that makes technology for money. They help connect digital money with the regular banking system. Ramp helps people and businesses in over 150 countries easily switch between digital and regular money using its on- and off-ramp products. Ramp works with all the big payment methods like debit and credit cards, bank transfers, Apple Pay, Google Pay, and others.