Membrane Finance Launches EUROe Ramp: Fiat Connectivity for Blockchain Protocols

HELSINKI, Finland – 26 March 2023 – Membrane Finance has today unveiled its API-first EUROe Ramp product allowing regulated DeFi protocols to provide seamless connectivity to banking rails. EUROe Ramp provides a simple API for creating bank transfers to and from users' non-custodial wallets. EUROe Ramp reduces costs and time to move funds between on- & off-chain while improving user experience in a completely customisable and embeddable solution.

Currently, funds enter and exit the blockchain ecosystem through a series of interlinked yet independent services, creating friction and increasing costs for end users. EUROe Ramp simplifies entering and exiting blockchain applications by providing a seamless wallet top-up solution that can be integrated directly to the application’s front-end. 

EUROe Ramp is a significant addition to Membrane Finance’s product portfolio, which comprises EUROe issuance, redemption, and bridging platforms, available on seven blockchains via APIs or graphical user interfaces.

Key features of EUROe Ramp

• 100% customisable: EUROe Ramp is a single API endpoint which you can integrate to create deposits to and withdrawals from your users’ non-custodial wallets. You can build the flows to match the requirements of your platform so your users never need to exit your website.

• Reduced user friction: Users do not need to undergo additional KYC to deposit funds to or withdraw funds from your platform.

• Instant deposits & withdrawals: EUROe Ramp is integrated with SEPA, SWIFT, and SEPA Instant schemes. Call our API to receive real-time information regarding the payment status. SEPA Instant payments are settled in as little as five minutes on qualifying blockchains.

• Cost competitive: Deposits and withdrawal processing for EUROe Ramp start from 0€.

Value-adding features of EUROe Ramp:

• Unconstrained liquidity: EUROe Ramp connects the whole European deposit base to the crypto ecosystem with a seamless 1:1 link. Membrane’s market maker partnerships ensure sufficient liquidity on key decentralised or centralised exchange pairs where required by the use case.

• Support for multichain operations: EUROe Ramp deposits can be made to any of the supported blockchains (currently Arbitrum One, Ethereum, Optimism, and Polygon, with more coming soon). Withdrawals can be funded from any of the supported blockchains. This ensures you can manage EUROe liquidity on a per-blockchain basis at all times and serve your customers on the blockchain they are on.

• MiCAR-ready: EUROe is electronic money and fully compatible with the upcoming Markets in Crypto-Assets Regulation, ensuring you can continue to serve your customers safely even after the transition.

• Built-in AML & KYT: Compliance and monitoring features are built-in to EUROe Ramp so you do not need to invest time and resources in building complex systems.

While providing a user-friendly and quick way to start processing user deposits and withdrawals, EUROe Ramp also reduces the costs and overheads of implementing other third-party solutions. EUROe Ramp is available now and live with the first customer production use cases.

“We have been iterating on EUROe Ramp since the summer of 2023. We’ve had a few proof-of-concept customers test out different models. Through customer-centric iteration, we have found a model that works for a range of actors, from DeFi platforms to brokers to DLT exchanges. We are extremely happy to take the solution to production with today’s launch of EUROe Ramp,” commented Juuso Roinevirta, Head of Product and Growth at Membrane Finance. “We’ve long known that it is hard and expensive to move funds between the traditional financial system and blockchains. Today’s launch of EUROe Ramp is one our first steps to make it maximally easy for everyone to move value between the two worlds.”

You can learn more about EUROe Ramp at euroe.com/ramp

About Membrane Finance

Founded in 2021 in Finland, Membrane Finance is a financial technology company specialising in the development of financial software and services that seamlessly link traditional financial infrastructure and blockchain-based services. Membrane Finance is the principal architect of EUROe - an EU-regulated, full-reserve euro stablecoin that brings fiat euro liquidity on-chain. Membrane Finance’s mission is to foster financial innovation and inclusion on the blockchain by developing an ecosystem of secure money infrastructure, user-friendly applications and stablecoin-related services. www.membrane.fi

About EUROe

EUROe is a regulated and compliant multi-chain electronic money euro stablecoin with deep banking integrations, programmable minting, redemption, and bridging mechanisms. Based in Finland, a leading European hub for technology & regulatory stability, EUROe is being built for tomorrow’s businesses today. www.euroe.com  

For more information please contact Juuso Roinevirta, Head of Product & Growth, at juuso.roinevirta (at) membrane (dot) fi