Ramp teams up with Linea to bridge zkEVM and the global financial system
On October 26, Ramp, a financial technology firm focused on establishing payment infrastructure that links the cryptocurrency economy with the worldwide financial system, announced a significant collaboration with Linea.
Linea is a developer-friendly zkEVM rollup designed to enhance the scalability of Ethereum decentralized applications (dApps). The agreement entails the integration of Linea Network’s advanced blockchain technology with Ramp Network’s extensive global payments infrastructure, according to information shared with Finbold.
During the first phase of this strategic alliance, individuals from over 150 countries and territories have gained the capability to acquire ETH and USDC directly via the Linea Network. This is made possible by using the Ramp widget, which is accessible through Ramp’s wide-ranging network of integration partners.
This is also the first phase of investigating the potential collaboration between Linea Network and Ramp Network, with both entities demonstrating a steadfast dedication to providing a cohesive, protected, and user-centric encounter for all those involved.
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CEO at Ramp, Szymon Sypniewicz, noted:
“This partnership with Linea Network highlights our shared vision of empowering builders with direct, optimized rails for creating easily accessible applications on the blockchain. With a mutual passion for prioritizing users, our collaboration brings together the best of cutting-edge blockchain technology with familiar payment solutions, paving the way for Web3 and the internet of value.”
Declan Fox, Product Lead at Linea, added:
“In partnering with Ramp Network, Linea fuses advanced zkEVM technology with global finance, underscoring our commitment to a seamless and accessible decentralized future. This collaboration amplifies our drive to empower developers and users, setting a new benchmark for Web3 accessibility and innovation.”
Create or migrate scalable dApps
By combining the strength of zero-knowledge proofs with full Ethereum Virtual Machine (EVM) equivalence, Linea from Consensys, one of the world’s leading blockchain software companies, enables a large group of developers to create scalable dApps or migrate existing ones without the need to modify existing code or rewrite smart contracts.
More people all around the world will be able to utilize common payment methods like credit cards, Google Pay, and Apple Pay, thanks to the partnership of Linea’s cutting-edge prover design and Ramp’s innovative on-ramp.
All in all, the collaboration between Linea Network and Ramp Network is a promising first step toward rethinking what’s possible in the Web3 industry.
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