GameStop Now Offers Fiat to Ethereum On-Ramping with Ramp Integration

Ramp, the payments company making crypto accessible to everyone, recently announced its integration with the GameStop Wallet.

The Ramp integration “allows GameStop Wallet users to purchase Ethereum quickly and without needing to leave the Company’s self-custodial Ethereum wallets.”

Ramp enables enterprises “to deploy fiat to crypto payments capabilities, significantly reducing onboarding times for end users, while remaining compliant.”

Greg McEwan, head of marketing, at Ramp, said:

“The benefits of NFTs for gamers – decentralized data, better security and ownership – are only just being explored. And yet, accessing the token based economy remains complex and confusing. Ramp is integrated by some of the world’s leading NFT based games to bring the same level of user experience gamers are used to, to blockchain,”

On May 23 2022, GameStop launched its digital asset wallet “to allow gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens (“NFTs”) across decentralized apps without having to leave their web browsers.”

The GameStop Wallet is “a self-custodial Ethereum wallet utilizing Loopring’s ZK-rollup technology.” By integrating Ramp, GameStop Wallet users “can quickly purchase Ethereum using fiat.”

The GameStop Wallet extension is “available today and can be downloaded from the Chrome Web Store.”

As covered, Ramp, the payments company making crypto accessible to everyone, has reportedly added Apple Pay as a payment option for its US clients in 36 states.

As mentioned in the update shared with CI, the mobile payment option, “already available to consumers on Ramp in the UK and countries within the European Union and now, is gaining traction partners stand to benefit from wider coverage.”

The benefits of web3 – decentralized data, better security and ownership – are “attracting millions of new users.”

As reported in March 2022, Ramp has raised $750 million in new capital according to a corporate release. Ramp said its valuation now stands at $8.1 billion.

The new money includes $200 million in equity capital and $500 million in debt financing. Ramp has now raised over $1 billion in financing since its founding in March 2019.

The $200 million in equity was led by Founders Fund, with participation from all major existing investors including D1 Capital Partners, Thrive Capital, Redpoint Ventures, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, Vista Public Strategies, Spark Capital, and Definition Capital. New investors include General Catalyst, Avenir Growth Capital, 137 Ventures, and Declaration Partners, as well as unnamed “tech industry leaders.”

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