ramp

According to PR Newswire, the enterprise-level AI payment and financial management platform Ramp announced the completion of a new round of financing totaling $750 million, with a post-money valuation of $44 billion.This round of financing was led by ICONIQ, GIC, and the Ontario Teachers' Pension Plan, with participation from institutions such as Goldman Sachs Alternatives, D.E. Shaw, Morgan Stanley Investment Management, Generation Investment Management, and Insight Partners.Ramp stated that the company is expanding its business into the AI cost management field, launching the AI Token spending management tool to help businesses monitor and control expenses related to large models and AI services. In recent months, Ramp has completed acquisitions of the UK and European payment platform Billhop and the business travel platform Juno, and has also deepened its long-term collaboration with Visa to promote AI agents to autonomously execute corporate payments within a real-time risk control framework.Ramp revealed that its internal AI tools have achieved a 99.5% employee adoption rate, with the internally developed platform Inspect currently generating over two-thirds of the company's code. The company plans to use this round of financing to further expand its product layout and accelerate its expansion into the UK and European markets.

According to Axios, the Bitcoin custody platform Onramp has completed a $12.5 million Series A funding round, bringing the company's valuation to $135 million. Early Riders led the round, with participation from its private clients and external angel investors.Onramp focuses on helping large Bitcoin holders diversify their assets across multiple institutions, allowing users to avoid reliance on a single custodian and not having to manage private keys themselves.

According to market news, Ramp, supported by top Silicon Valley investor Peter Thiel, will allow payments and consumption through Plasma using stablecoin channels.

ChainCatcher news, the Coinbase Developer Platform has launched the fiat deposit application programming interface Onramp API, with its first partner Moonshot officially online. The Onramp API allows for customizable user experiences, quick integration, supports Apple Pay, and guest checkout. Additionally, this feature is currently limited to the United States, and users must have a U.S. phone number and pay in USD.

ChainCatcher news, according to CoinDesk, Bitcoin financial services company Onramp has partnered with lending platform Arch to launch a Bitcoin-backed loan service.This new product allows BTC holders to obtain loans while retaining ownership of their assets, aimed at providing services to investors who wish to gain liquidity without selling their Bitcoin.

ChainCatcher news, according to Jinshi reports, Du Xueyi, director of the Economic Crime Prosecution Office of the Supreme People's Procuratorate, stated during a guest appearance on the Supreme Procuratorate's director interview event on February 13 that the current situation of telecom network fraud crimes is still severe and complex, with a high incidence.First, the cross-border and monopolistic nature of fraud groups has emerged, with criminals setting up "industrial parks" and "technology parks" abroad, managing and controlling through means such as providing guarantees and armed protection, taking a cut or charging fees to obtain illicit funds, forming large criminal organizations.Second, the methods of fraud are increasingly diverse and complex, with combinations such as "pig butchering + false investment," "gambling fraud," and "fraud and extortion," which are more deceptive and have led to serious violent crimes such as intentional injury.Third, the modules of black industry crimes are becoming more stable, with criminal tools and software being simple and easy to use, resulting in a broader population being drawn into criminal activities. Fourth, the channels for funds are intertwined and concealed, with virtual currency "money laundering" becoming a mainstream method, helping criminals to transfer fraudulent funds in "small amounts and multiple transactions," making it difficult to trace back.

ChainCatcher message, the rise of Bitcoin faces a risk that most cryptocurrency investors do not pay attention to: quantum computing, a breakthrough that threatens not only Bitcoin but also traditional finance, as many online banking systems use variants of public key encryption technology. However, security experts warn that Bitcoin may be a particularly tempting target for quantum thieves. Skip Sanzeri, co-founder of the startup QuSecure, which specializes in quantum-safe cybersecurity, said, "Bitcoin will become a target for crazy attacks. Banks have certain regulations, defense mechanisms, and the ability to protect customers, while Bitcoin is the 'wild west.' If your Bitcoin is stolen, your wallet will not compensate you."

ChainCatcher news, the crypto payment company Alchemy Pay has successfully registered in Visa's newly launched Ramp Provider program in collaboration with Worldpay, a payment giant under FIS. This program aims to provide a compliance framework for third-party Ramp service providers to conduct fiat and cryptocurrency conversions.Alchemy Pay previously announced a strategic partnership with Worldpay to use Worldpay's Visa and Mastercard payment channels on its Ramp products.

ChainCatcher news, Ramp Network was previously available in 33 states and is now providing services across the entire United States, enabling over 100 million users to simplify cryptocurrency purchases. Its services include support for major cryptocurrencies such as Bitcoin, Ethereum, and USDT.Ramp's expansion also includes major states with stricter regulations, such as New York and Hawaii. The San Francisco-based cryptocurrency company Coinbase expanded to Hawaii after updating state regulations.Szymon Sypniewicz, CEO and co-founder of Ramp Network, stated, "This expansion allows us to serve all Americans, but it also enables our hundreds of partners to serve over 100 million people in the states they can now reach."

ChainCatcher news, according to The Block, the cryptocurrency payment aggregation platform Onramper has announced the launch of its cryptocurrency to fiat currency solution. The service integrates several leading providers, including MoonPay, Alchemy Pay, and Banxa, aiming to help users securely and conveniently convert cryptocurrencies into fiat. Onramper CEO Thijs Maas stated that the new service is based on smart routing technology, which can match users with the optimal exchange provider.It is reported that Offramper will support 46 fiat currencies and over 500 cryptocurrencies, covering 200 countries and offering 39 payment methods, including credit cards, bank accounts, and PayPal.

ChainCatcher news, global payment infrastructure platform Mercuryo has launched an on-ramp service in the Injective ecosystem crypto wallet Ninji Wallet, featuring seamless access, high security, and simplified asset management. Through this collaboration, Ninji Wallet will enable users to "seamlessly purchase Injective (INJ) using Mercuryo's on-ramp service."

ChainCatcher news, according to The Block, Web3 payment infrastructure Transak has launched a fiat-to-crypto channel for PayPal USD, aimed at popularizing digital asset payments.Fiat currency can now be used to purchase PYUSD on its platform, using the SEPA transfer system or mobile payment applications like Google and Apple Pay.

ChainCatcher news, according to CoinDesk, Ramp Network has obtained Virtual Asset Service Provider (VASP) registration in Ireland, plans to make Ireland its European headquarters, and has established a team and business in Dublin.