2024

Solana

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 <p class="paragraph">Ramp Network, a leading fintech company, has unveiled a ground-breaking advancement in the realm of cryptocurrency transactions, announcing the launch of a pioneering document-free verification system now available in Brazil and set for further expansion in the future.</p>
 <p class="paragraph">By leveraging Ramp’s new system, eligible users can verify their identities using only validated national tax or ID numbers, finishing the onboarding process within seconds.</p>
 <p class="paragraph">Szymon Sypniewicz, CEO and co-founder of Ramp, emphasized the importance of swift onboarding and crypto accessibility, stating:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“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 <a rel="noopener noreferrer nofollow" title="verification" href="https://thebittimes.com/tag/verification.html">verification</a> process from minutes to seconds, and eliminating the need for cumbersome physical documents for such transactions. This move further reinforces our commitment to making <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> effortless.”</p> <cite>— Szymon Sypniewicz, CEO and co-founder of Ramp</cite>
 </blockquote>
 <h2 class="wp-block-heading" id="h-what-does-the-new-verification-system-mean-for-the-brazilian-market">What does the new verification system mean for the Brazilian market?</h2>
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 <p class="paragraph">Crypto purchases typically involve the cumbersome task of submitting official ID documents, a process that can significantly slow down transaction speeds or detract users altogether.&nbsp;</p>
 <p class="paragraph">Recognizing this challenge, Ramp introduces a new verification solution designed to expedite the verification process by up to four times while ensuring all regulatory standards are met.</p>
 <p class="paragraph">In Brazil, eligible citizens can conveniently input their CPF (taxpayer registry) number and provide a selfie to initiate the verification process. The system then swiftly cross-references provided information with government databases, facilitating a secure authentication process in a matter of seconds.</p>
 <h2 class="wp-block-heading" id="h-what-s-in-store">What’s in store?</h2>
 <p class="paragraph">These developments align with Ramp Network’s mission of bringing new users into its Web3 ecosystem.</p>
 <p class="paragraph">The company’s decision to debut its new functionality in Brazil is strategic, given the country’s reputation as a large growth market and its robust payment infrastructure, including the widely utilized Pix payment <a rel="noopener noreferrer nofollow" title="system" href="https://thebittimes.com/tag/system.html">system</a> and support for the Brazilian real (BRL).&nbsp;</p>
 <p class="paragraph">Looking ahead, Ramp has ambitious plans to expand its <a rel="noopener noreferrer nofollow" title="document-free" href="https://thebittimes.com/tag/document-free.html">document-free</a> <a rel="noopener noreferrer nofollow" title="verification" href="https://thebittimes.com/tag/verification.html">verification</a> <a rel="noopener noreferrer nofollow" title="system" href="https://thebittimes.com/tag/system.html">system</a> to new markets. In anticipation of this expansion, it established a local entity in Brazil last year, laying the groundwork for future developments in South America.</p>
 <p class="paragraph"></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ramp-unveils-pioneering-document-free-verification-system-for-crypto-purchases-in-brazil-tbt79350.html">https://thebittimes.com/ramp-unveils-pioneering-document-free-verification-system-for-crypto-purchases-in-brazil-tbt79350.html</a></p>

Ramp unveils pioneering document-free verification system for crypto purchases in Brazil

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