Ramp Delivers Exclusive Global Off-Ramping Capabilities for Worldcoin (WLD) Token Holders

Key takeaways

• Ramp and Worldcoin have partnered to offer exclusive off-ramping capabilities for WLD holders in specific geographic locations.
• WLD holders can convert their crypto to fiat money with ease using debit and credit cards.
• Worldcoin is a project that aims to provide every user with a secure, privacy-enhancing and verified digital identity, and has already reached millions of users across 34 countries.

Ramp, one of the global crypto on and off-ramp providers, will henceforth offer exclusive global off-ramping capabilities for Worldcoin. According to available information, the capabilities will be exclusive to specific geographic locations in line with local regulations.

This latest development is in line with Ramps’ goal of connecting the crypto economy with the traditional financial system. Right now, it will be exclusively available via World App, the first available Worldcoin wallet aimed at delivering digital identity and global finance to everyone. 

A perfect partner for Worldcoin

The Ramp-Worldcoin collaboration makes sense in many ways. The Worldcoin project was originally aimed at giving everyone access to the global economy. Ramp is stepping in to provide off-ramping capabilities in line with crypto best practices in different countries and regions.

Ramps’ off-ramping services will enable World App users to convert their crypto to fiat money with ease. However, this service will be exclusively available to users in markets where the Worldcoin (WLD) token is available.

Ramp is set to play a critical role in the Worldcoin project. It will enable WLD token holders to unlock the full power of their digital assets. In line with World App creator Tools for Humanity, it will enable WLD token holders to use their assets for everyday transactions. At this initial stage, debit and credit cards are supported. Other payout options will be available in the near future.

“We’re incredibly proud to provide our on and off-ramping services to millions of people to enable the seamless conversion of their WLD into fiat. Moreover, we’re excited to contribute to Worldcoin’s mission to create a more accessible, human-centric digital economy, and we’re looking forward to continuing to build on this partnership.”
—Ramp CEO, Szymon Sypniewicz

More about Worldcoin

Worldcoin is one of the latest projects to join the evolving blockchain industry. It was launched in July with the primary goal of making the digital economy maximally inclusive. The project primarily pursues this goal by providing every user with a secure, privacy-enhancing and verified digital identity called World ID.

Worldcoin is different from similar projects because it verifies and optimizes each user’s uniqueness and humanness in the fast-changing digital world. To optimize security, it currently keeps each user’s World ID on the person’s phone.

To access a World ID and enjoy the attendant benefits, an individual needs to access World App, sign up and verify his/her identity. At the time of writing, 4.1 million individuals already have World App and 2.4 million from 34 countries have Orb-verified World IDs. Following the launch of World App, 30 million WLD were claimed in 50 days. These tokens are now eligible for direct off-ramping, thanks to the latest partnership with Ramp.

Conclusion

The collaboration between Ramp and Worldcoin signifies a significant step towards enabling accessibility and usability within the digital economy as displayed by Ramp’s pivotal role in enabling WLD token holders to seamlessly convert their assets to fiat currency in specific regions. This strategic partnership aligns with Ramp’s mission of bridging the gap between traditional finance and the crypto space. It also reflects Worldcoin’s commitment to promoting a more inclusive global economy through its innovative World App and digital identity solutions.