Telegram users will soon be able to buy and send TON cryptocurrency directly through the Ramp Network (Ramp), thanks to the new on-ramp integration with The Open Network (TON) blockchain ecosystem.
Today, Ramp, a fintech startup building payment rails that bridge the crypto economy and the global financial system, announced the addition of an on-ramp to TON, opening up new opportunities for millions of Telegram users to easily dive into the world of Web3 through TON. This integration is also seen as a significant step towards paving the way for a super-app revolution.
The news comes just two months after Ramp partnered with Linea, a developer-friendly zkEVM roll-up platform for Ethereum dApps scalability, to create a payment infrastructure that bridges the crypto world with the global financial system.
With the recent launch, Ramp has also made it easy for users to swiftly and securely purchase Toncoin ($TON) through its on-ramp, using traditional fiat currency. Toncoin serves as the native cryptocurrency for the TON blockchain, facilitating network operations, transactions, and the acquisition of digital assets like NFTs and Web3 gaming accessories.
Ramp CEO Szymon Sypniewicz expressed his excitement about the partnership with TON to introduce Web3 to hundreds of millions of Telegram users. In a statement, Sypniewicz said:
“We’re thrilled to team up with TON and open up the doors to Web3 for hundreds of millions of Telegram users. By allowing users globally to purchase TON using their local currencies and preferred payment method, we’re working with TON on a joint mission to build a decentralized future for everyone.”
Daniel Yang, Global Business Development Lead at TON Foundation, highlighted that the new on-ramp for TON’s ecosystem enhances existing options, making it easier for more users to purchase Toncoin and experience the benefits of TON ecosystems’ rapid and borderless transactions. Ensuring a seamless onboarding process is crucial to TON’s commitment to accelerating Web3 technology adoption by non-native users.
To explore Web3 within the Telegram app, users will need to acquire Toncoin, and Ramp serves as the gateway to the TON ecosystem. Ramp enables users to purchase cryptocurrencies with fiat in seconds, and developers can integrate Ramp’s on-ramp into their applications for native token purchases. Ramp is registered with the UK Financial Conduct Authority (FCA) and the US Financial Crimes Enforcement Network (FinCEN) as a crypto asset business and Money Service Business (MSB) respectively.
Ramp’s on-ramp solution is instrumental in onboarding over 800 million monthly active Telegram users onto TON. It supports various payment methods, including credit and debit cards, bank transfers, Apple Pay, Google Pay, and PIX, a popular digital payment method in Brazil.
TON recently secured an 8-figure investment from MEXC, aligning with its vision to transform Telegram into a Web3 super app. This transformation aims to accelerate ecosystem growth and reach millions of users globally.
Ramp Network (RAMP) is a fintech company connecting the crypto economy with the global financial infrastructure through on- and off-ramp solutions. Operating in 150+ countries and territories, Ramp offers a streamlined experience for converting between cryptocurrencies and fiat currencies, integrated with major payment methods.
The Open Network (TON) is a global decentralized blockchain community focused on making crypto accessible to everyone. With a vision to build the Web3 ecosystem in Telegram Messenger, TON aims to empower 500 million users to own their digital identity, data, and assets by 2028.
