Zug, Switzerland, April 25, 2024, Chainwire
Velocity Labs is proud to announce fiat-to-crypto transition utilizing Ramp Community with Asset Hub integration. By way of this, Ramp will have the ability to service any parachain inside his Polkadot ecosystem.
The transition from fiat to crypto has traditionally been one of many largest accessibility points in DeFi. Due to energetic builders who caught this downside early and labored with regulators, bank card issuers, and different fee infrastructure suppliers, excessive boundaries to entry for cryptocurrencies have gotten a factor of the previous.
Final November, Velocity Labs started negotiations with Ramp, Web3's main on-ramp infrastructure supplier. Our aim is easy: to maximise the accessibility of Asset Hub and unlock its full potential.
Asset Hub is a system parachain that may be thought of the “dwelling base” for property within the Polkadot Blockspace ecosystem. This lets you create, handle, and use property throughout the Polkadot community. As a system parachain, it has a belief relationship with the Polkadot relay chain, permitting porting of DOT from the relay chain to the asset hub. The Asset Hub is essential to the issuance of tokens just like ERC-20 (the Ethereum normal that powers DeFi on its chain) and the upcoming and future resurgence of DeFi on Polkadot. Nonetheless, Asset Hub has many limitations, particularly in the case of UX and DevEx. Velocity acknowledges the potential and significance of Asset Hub and has labored tirelessly to deal with these limitations.
lamp is a monetary expertise firm constructing options that join the crypto economic system with immediately's world monetary infrastructure. By way of its core on-ramp and off-ramp merchandise, Ramp supplies companies and people in over 150 nations with a streamlined and frictionless alternate expertise between cryptocurrencies and fiat currencies. Ramp is absolutely built-in with the world's main fee strategies, together with debit playing cards, bank cards, financial institution transfers, Apple Pay, and Google Pay.
About Velocity Labs
Velocity Labs is a DeFi and infrastructure growth firm based with the aim of remodeling the Polkadot blockspace ecosystem right into a thriving hub of DeFi innovation. Velocity Labs, a staff fashioned by a Polkadot veteran and his DeFi consultants, is working to construct essential market infrastructure and instruments to understand Polkadot's full potential.
For extra info, go to velocitylabs.org.
Velocity Labs is actively searching for builders to affix us in constructing essentially the most environment friendly and resilient ecosystem for DeFi on Polkadot. If you happen to assume that is you, please contact us utilizing this way.
contact
Operational commander
Maria Paula Fernandez
Velocity Lab AG
(e mail protected)
