Ramp Network introduces direct cash out for Ethereum L2s via MetaMask

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

In an announcement, Ramp Network said it had partnered with MetaMask to enable direct withdrawals of Ethereum (ETH) directly from layer-2 networks such as Optimism, Polygon, and BNB Chain. The partnership means MetaMask users can sell their tokens for fiat without having to bridge to the Ethereum mainnet.

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

MetaMask, owned by web3 software studio Consensys, is a leading non-custodial crypto wallet connected to most decentralized applications.

The latest leg of the collaboration will bring direct cash-outs to users through support for over 35 local currencies. Support is available across 130 countries, the platform noted. MetaMask users with ETH on layer-2 networks can cash out into fiat through local banks.

The integration expands on Ramp Network’s offer that allows users to buy crypto with direct bank transfers, credit or debit cards, and local payment options.

Ramp’s expansion efforts

On Jan. 18, Ramp Network expanded its collaboration with World Chain. Its partnership with Tools for Humanity allows Ramp customers to buy and sell World token (WLD) and USDC (USDC) on World Chain. The integration introduced on-ramp and off-ramping services for both USDC and WLD on Optimism.

Ramp Network added support for crypto-to-fiat off-ramp for Mexican banks via integration with Sistema de Pagos Electrónicos Interbancarios, or SPEI. The milestone, announced in October 2024, allowed Ramp Network to bring real-time crypto-to-Mexican Peso payouts to its customers across Mexico.

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