CandleFocus Ramp Network expands crypto-to-fiat support for real-time MXN payouts via SPEI
2024-10-29
Author: Content Editor
Ramp Network, a financial technology company, has announced that it is expanding its crypto-to-fiat off-ramp support to include the Mexican Peso (MXN) through the SPEI payment system. This integration allows users in Mexico to receive real-time payouts directly to their local bank accounts. The SPEI payment system connects all major Mexican banks, enabling swift and secure transfers. By integrating SPEI, Ramp Network aims to provide a streamlined solution for Mexican users to sell their cryptocurrencies and instantly convert them into fiat currency. The expansion into Mexico is significant as the country ranks 16th globally in crypto adoption and has a vibrant landscape for fintech innovation. The service charges a flat fee of just 2.9%, lower than traditional methods, and users can expect to receive MXN in their bank accounts within 30 seconds or less. Ramp Network plans to further enhance its offerings by introducing SPEI on-ramp transactions in the future, making crypto more accessible in the region.
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