Ramp Network Launches TON On-Ramp to Transform Telegram into Web3’s Biggest Super-App | News Direct

Ramp Network Launches TON On-Ramp to Transform Telegram into Web3’s Biggest Super-App

facebook icon linkedin icon twitter icon pinterest icon email icon London, England | December 20, 2023 10:00 AM Eastern Standard Time


 Ramp Network (RAMP), the financial technology company building payment rails that connect the crypto economy with the global financial system, is adding an on-ramp to The Open Network (TON) blockchain ecosystem. Through this integration, millions of users of the popular Telegram messaging application will have a simple way to explore the possibilities of Web3 via TON.

With the on-ramp, Ramp is making it simple for users to purchase Toncoin ($TON) quickly and securely using traditional fiat. Toncoin is the native cryptocurrency of the TON blockchain, used for network operations and transactions, and to purchase digital assets such as NFTs and Web3 gaming accessories and items.

“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”, said Szymon Sypniewicz, CEO at Ramp.

“The launch of this new on-ramp for TON’s ecosystem will build upon the wide range of existing options, enabling additional users to purchase Toncoin and discover the unique benefits of TON ecosystems' near instantaneous, borderless transactions,” said Daniel Yang, Global Business Development Lead at TON Foundation. “Ensuring that the onboarding process is seamless and that options are widely available is crucial to our commitment to accelerating the mass adoption of Web3 technology by non-native users.”

Telegram users will need to acquire Toncoin to explore Web3 from within the popular messaging app, and Ramp is perfectly placed to provide a gateway to the TON ecosystem. With Ramp, users can purchase cryptocurrencies with fiat in seconds. Developers can integrate Ramp’s on-ramp into their applications, allowing users to buy Toncoin and other tokens natively. Ramp is registered as a cryptoasset business with the UK Financial Conduct Authority (FCA) and as a Money Service Business (MSB) with the US Financial Crimes Enforcement Network (FinCEN)

Ramp’s on-ramp solution will play a key role in allowing the 800+ million monthly active Telegram users to onboard onto TON. It supports popular payment methods including credit and debit cards, bank transfers, Apple Pay, Google Pay and also PIX, a popular digital payment method used by approximately 70% of the population in Brazil.

TON recently announced it had raised an 8-figure investment from MEXC. It has a vision of transforming Telegram into a Web3 super app, and by fulfilling this ambition it can accelerate the growth of its ecosystem and reach millions of users globally.


About Ramp Network

Ramp Network (RAMP) is a financial technology company building solutions that connect the crypto economy with today’s global financial infrastructure. Through its core on- and off-ramp products, Ramp provides businesses and individuals across 150+ countries and territories with a streamlined and smooth experience when converting between cryptocurrencies and fiat currencies. Ramp is fully integrated with the world’s major payment methods, including debit and credit cards, bank transfers, Apple Pay, Google Pay, and more.


About The Open Network

The Open Network (TON) is a global, decentralized blockchain community focused on putting crypto in every pocket. By building the Web3 ecosystem in Telegram Messenger, TON's vision is to empower 500 million users to own their digital identity, data, and assets by 2028. Learn more at https://ton.org/.

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Leora Schreiber