On Wednesday, cryptocurrency payment gateway provider Ramp announced that it had closed a $ 52.7 million Series A funding round led by Balderton Capital, NFX, Galaxy Digital, Seedcamp, Firstminute Capital and angel investors. Ramp allows its partner brands to offer cryptocurrency-enabled services, stating that it takes developers just a few hours to integrate their decentralized applications, or dApps, with their software. It has more than 400 partners, including Mozilla, Opera Browser, Dapper Labs, Aave, Argent, Trust Wallet, and Zerion. The company has regulatory approval in the United States, United Kingdom and Poland.
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Current uses of Ramp include buying cryptocurrencies to store in wallets directly in the Opera browser, buying and selling content in the fantasy football game of non-fungible tokens, or NFTs, Sorare, and onboarding new players in the NFT monster battle game, Axie Infinity. In the future, Ramp developers plan to expand the software to help facilitate cryptocurrency transactions for financial institutions within their banking applications.
Szymon Sypniewicz, co-founder and CEO of Ramp, issued the following statement in connection with the event:
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