Ramp raises €1M to offer P2P fiat onramp, building the ‘Coinbase on smart contracts’

MakerDao, Seedcamp, Fabric Ventures, and Firstminute are pouring over a million dollar into a startup looking to rival centralized crypto exchanges with a model that shakes up the process of purchasing crypto with fiat currencies.

Counting crypto exchanges like Coinbase as its major competitors, Ramp brands itself as more “decentralized” due to its peer-to-peer trading structure that removes the need for a centralized custodial wallet, which exposes users to the risk of hacks.

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