Ramp Network Announces Support for Simple Worldcoin (WLD) Purchases Using Fiat

Ramp Network, a leading crypto on-ramp, has announced that it now supports seamless fiat purchases of WLD tokens directly through the platform.

Ramp is the first crypto on-ramp to support Worldcoin purchases outside of centralized exchanges (CEXs), with the company reporting that it now allows users to buy WLD with credit or debit card or via third-party APIs for applications that support Ramp Network.

What is Worldcoin (WLD)?

Worldcoin is a blockchain-based initiative founded by OpenAI CEO, Sam Altman. The project aims to authenticate online users based on their biometric data, which will be stored securely and immutably on a custom-built blockchain network.

The rapid advancement of AI technologies has led to growing concern that human-made content will soon be indistinguishable from that which is generated by AI. Worldcoin’s biometric verification system can help to alleviate these concerns, by providing human verification that cannot be forged or bypassed digitally.

Worldcoin provides financial incentives for users who scan their iris using a state-of-the-art orb. The eye-scanning orb provides an immutable proof-of-personhood record that will be stored on the blockchain. This data can then be used like a digital passport — providing a range of online services with a means to easily differentiate between real users, and those that are bots or fakes.

The launch of WLD and Ramp Network’s world-leading support of Worldcoin’s native token 

Worldcoin has been in operation since it was founded in 2019, and has already recorded biometric data for over 130,000 users across the world. However, the native token, WLD, only recently launched on 25th July 2023. 

Ramp is the first fiat on-ramp to offer WLD to users. While the token has already been listed on major CEXs such as Binance, Coinbase and Bybit, Ramp Network’s support of WLD enables users to quickly and easily purchase the token using fiat currencies.

A core ethos of Ramp Network is to support the adoption of world-changing technologies, and the team reported that they are “ecstatic” about their integration with WLD for direct fiat purchases.

WLD price prediction

The price of WLD at the time of writing is $2.91. The CoinCodex price prediction algorithm forecasts that WLD will reach $2.32 in 30 days — a 5% price rise in total.