About Ramp Network
Ramp Network eliminates the barriers to entry for individuals looking to engage with digital assets. The founders recognized that the process of buying crypto was overly complex, intimidating, and inaccessible to non-crypto-native users, so to change this, they envisioned creating an experience that was as simple and intuitive as e-commerce, enabling anyone to purchase crypto without the need for technical expertise. Ramp Network's goal is to reduce these barriers, allowing more people to explore and benefit from the opportunities of Web3 and the decentralized economy.
Ramp Network serves users in over 150 countries, supporting more than 40 fiat currencies. It aims to make crypto accessible globally through local payment methods like Pix in Brazil, SPEI in Mexico, SEPA Instant in Europe, and services across all 50 US states.
The Challenge
As Ramp Network scaled its operations, the team faced increasing complexity in managing the growing volume of transactions and treasury operations. Initially, these tasks were handled manually, but this approach led to inefficiencies and a greater risk of error.
Ramp Network’s treasury operations team was managing thousands of operations per month, redistributing assets across wallets, exchanges, and banks. With manual processes in place, maintaining efficiency and meeting the fast-paced demands of users became increasingly difficult. Additionally, as the digital asset ecosystem grew more complex, Ramp Network recognized the need for an advanced infrastructure to support their growth, particularly one that could offer secure, reliable, and scalable solutions for managing assets and transactions.
Ramp Network sought a digital asset infrastructure platform that could provide:
- Enterprise-level security to protect digital assets.
- Seamless connectivity with exchanges, banks, and Web3 platforms.
- Comprehensive user management capabilities to accommodate the company’s diverse operational needs.
The Solution
Ramp Network turned to Fireblocks to address these challenges and provide the robust infrastructure they needed. Fireblocks offered a secure, scalable solution that aligned perfectly with Ramp's operational requirements.
Ramp Network utilizes Fireblocks to streamline their treasury operations, including monitoring, analyzing, and redistributing crypto assets. By integrating Fireblocks, Ramp Network replaced its inefficient manual processes with a secure, cohesive platform that improved efficiency and reduced risks. One key feature that Ramp Network particularly values is Fireblocks' enterprise-level wallet management, which allows for better role division and ensures sensitive operations are handled securely with proper oversight.
Since the launch of Fireblocks Automation, Ramp Network has further optimized their operations using Fireblocks. With Automation, Ramp Network implemented advanced logic to trigger specific actions based on events occurring in their wallets, exchanges, or banks. This automation drastically reduced the number of manual operations required, cutting down on human error and saving valuable time. It also improved liquidity management, giving Ramp Network the flexibility to focus on strategic initiatives rather than repetitive tasks.
With Fireblocks in place, Ramp Network has been able to scale its operations efficiently, enhancing security, operational speed, and accuracy. This shift to a more automated, secure platform has not only streamlined their processes but has also contributed to Ramp Network's continued growth and success in providing an accessible on-ramp to crypto for users worldwide.
