Ramp Network introduces direct cash out for Ethereum L2s via MetaMask

Ramp Network, a crypto on-ramp and withdrawal solution platform, announced that users can now sell their crypto directly from Ethereum Layer 2 networks via MetaMask.

In a announcementRamp Network said it has partnered with MetaMask to enable direct withdrawals from Ethereum (ETH) directly from layer 2 networks such as Optimism, Polygon and BNB Chain. The partnership means that MetaMask users can sell their tokens for fiat currencies without having to go through the Ethereum mainnet.

Ramp initial partnership with the Ethereum-based wallet was September 2023.

MetaMask, owned by web3 software studio Consensys, is one of the leading non-custodial crypto wallets connected to most decentralized applications.

The final stage of the collaboration will bring direct withdrawals to users with support for over 35 local currencies. Support is available in 130 countries, the platform said. MetaMask users with ETH on Layer 2 networks can withdraw fiat currency through local banks.

The integration expands Ramp Network’s offering that allows users to purchase cryptocurrencies with direct bank transfers, credit or debit cards, and local payment options.

Ramp’s expansion efforts

On January 18, Ramp Network expanded its collaboration with World Chain. Its partnership with Tools for Humanity allows Ramp customers to buy and sell World tokens (WLD) and USDC (USDC) on the world channel. The integration introduced entry and exit services for USDC and WLD on Optimism.

Ramp Network has added crypto-to-fiat egress support for Mexican banks via integration with Sistema de Pagos Electrónicos Interbancarios, or SPEI. This milestone, announced in October 2024, enabled Ramp Network to offer real-time Mexican peso cryptocurrency payments to its customers across Mexico.

Earlier in September, the platform launched its service in all 50 US states as well as the District of Columbia. The company also offers its solution to Brazil.