Apologies for the confusion. Here is the revised response without any descriptions:
Ramp Network, the financial technology company behind crypto payment rails, is now offering a global on-ramp for $TLOS, the native token of the Telos blockchain. This move allows users in over 150 countries, including 37 U.S. states, to easily acquire $TLOS tokens using various fiat payment methods. With Ramp’s support, users can make payments in over 40 global currencies, including popular options like credit/debit cards, bank transfers, Apple Pay, Google Pay, and PIX.
Ramp’s decision to support direct fiat to $TLOS transactions positions it as one of the first major crypto on-ramps to provide this service. By doing so, the company aims to enhance accessibility to the Telos blockchain and demonstrate its commitment to the rapidly growing Web3 gaming ecosystem.
Szymon Sypniewicz, CEO of Ramp, expressed enthusiasm about the integration: We are thrilled to integrate $TLOS into our global on-ramp offering, making it easier for users across 150+ countries to engage with the Telos blockchain. This step reinforces our dedication to bridging the crypto and traditional financial systems, and significantly boosts the accessibility of Web3 gaming through Ramp.
The Telos blockchain, known for its speed and scalability, has welcomed the collaboration with Ramp. In particular, Telos envisions a future where the transition between crypto and fiat is not just achievable but a streamlined everyday reality. Lee Erswell, CEO of the Telos Foundation, highlighted the significance of this partnership: Through Ramp, we are opening the doors to global access, ensuring everyone can benefit from our future-ready blockchain’s low fees and lightning-fast capabilities, all within a simplified user-experience process. This integration is a significant step towards that reality.
Telos, a third-generation blockchain powered by a delegated proof-of-stake consensus mechanism, aims to become the top decentralized network for Web3 gaming while supporting a dynamic DeFi ecosystem. The $TLOS token plays a vital role within this growing universe of decentralized applications, such as blockchain games, NFTs, decentralized exchanges, and DeFi protocols.
As of January 26, 2024, the $TLOS token had a market capitalization of $73,108,048, according to CoinMarketCap.
Telos is distinguished by its support for an impressive 15,200 transactions per second, as well as significantly low fees, with an average gas cost of less than $0.001. These factors make the Telos blockchain highly suitable for dApps where speed, efficiency, and cost-effectiveness are essential.
Furthermore, Telos plans to increase its speed and privacy by deploying one of the industry’s first Zero Knowledge rollup networks, enhancing the utility of the $TLOS token. Telos stands out as one of the most energy-efficient and fully ESG-compliant blockchains, meeting the growing demand for environmentally sustainable networks.
The Telos ecosystem thrives on the engagement of its global community, with over 900,000 user accounts, 160,000 social media followers, and more than 200 partner firms across 150+ countries. The inclusive nature of Telos’ blockchain infrastructure ensures that $TLOS holders and developers wield substantial influence over the network, both in terms of transaction verification and governance.
Ramp’s addition of $TLOS to its on-ramp services expands its support for fiat-to-crypto transactions in over 150 countries globally. These services are accessible directly through the Ramp widget, as well as through integration with numerous third-party dApps via Ramp’s developer API.
With its leading fintech infrastructure, Ramp enables millions of consumers to access Web3 by providing intuitive on- and off-ramps that streamline the process of buying and selling digital assets. Ramp currently supports over 100 digital assets, reducing complexities for new users who no longer need to seek third-party platforms to acquire their desired crypto assets.
Ramp is a financial technology company that builds solutions connecting the crypto economy with the global financial infrastructure. Its core on- and off-ramp products facilitate seamless conversions between cryptocurrencies and fiat currencies for businesses and individuals across 150+ countries. Ramp is fully integrated with major payment methods like debit and credit cards, bank transfers, Apple Pay, Google Pay, and more.
Telos is a rapidly expanding network enabling Zero Knowledge technology for ultimate scalability, privacy, and support for all industries and applications. Its ecosystem includes over 1.2 million accounts, hundreds of partners, and numerous dApps. Telos is known for its impeccable five-year record of zero downtime and houses the world’s fastest Ethereum Virtual Machine, the Telos EVM. Telos is poised to lead enterprise adoption of borderless Web3 technology and decentralized solutions.
The integration of Ramp’s global on-ramp for $TLOS further cements Telos’ position as a leading blockchain network, offering enhanced accessibility and a frictionless experience for users worldwide.
