Ramp Network Introduces Lightning-Fast Identity Verification in Brazil

Key Takeaways 

• Ramp Network launched a first-of-its-kind document-free verification system in Brazil.
• Eligible users can verify identities in seconds by inputting national ID and taking a selfie.
• The system cross-checks user data against government databases for secure, compliant verification.
• Ramp plans to expand this feature to more markets soon as part of its mission to onboard millions to crypto.

Ramp Network, a leading financial technology provider in the crypto space, has introduced an innovative document-free verification system for users in Brazil seeking to purchase digital assets. With this new capability, eligible Brazilian citizens can now prove their identity in a matter of seconds without having to submit physical copies of documents.

This development represents a massive leap forward in facilitating swift and smooth transactions for crypto buyers. Until now, most crypto service providers have relied on antiquated verification processes that require users to send over copies of their ID documents. This often resulted in a cumbersome user experience that could take minutes rather than seconds.

What does Ramp do?

Ramp’s breakthrough document-free verification system eliminates this friction. According to the company, eligible users in Brazil can simply input their CPF (taxpayer registry) number and take a selfie to initiate identification confirmation. Ramp’s system then cross-checks the person’s credentials against official government databases in a matter of seconds, delivering a seamless and secure verification procedure.

“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,” stated Szymon Sypniewicz, CEO and co-founder of Ramp.

Ramp Goals aligns with Brazil Digital Asset Adoption

The launch in Brazil is strategic, given the country’s exploding adoption of digital assets and Ramp’s unique positioning in the market. Brazilians have wholeheartedly embraced crypto, with markets like Bitcoin and Ethereum gaining remarkable traction in recent years. Ramp is one of the few global crypto infrastructure providers that supports local Brazilian payment methods like Pix, cards, and the national currency.

The company also has an established legal entity in Brazil after setting up local operations last year. Ramp identified Brazil as a high-growth market and beachhead for future expansion into other Latin American countries. The document-free functionality aligns seamlessly with Ramp’s localization efforts and commitment to offer best-in-class fiat-to-crypto gateways tailored for the Brazilian audience.

While the feature is currently limited to users in Brazil, Ramp plans to bring document-free verification to additional markets soon. As one of the leading fintech builders in Web3, Ramp is on a mission to help onboard millions of users into crypto with easy on- and off-ramps.

The company’s services include a standalone mobile app along with B2B integration solutions that allow partner platforms to seamlessly enable fiat-to-crypto transactions for their own customers. Ramp supports dozens of local currencies worldwide and continues to add more to foster mainstream crypto adoption.