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According to PANews news on July 26, according to CoinDesk, Ramp Network, a payment infrastructure company that connects cryptocurrencies and traditional finance, opened a local entity (Brazilian branch) in Brazil with a view to expanding to Latin America. The company will provide customers (including Web2 enterprises, crypto wallets and Web3 games) with a software development kit (SDK) that will enable users to purchase cryptocurrencies through an end-to-end, non-custodial on-ramp, as well as provide an export of cryptocurrencies to fiat currencies. Some of Ramp's larger clients include Argent, Trust Wallet, Axie, Brave, and Opera.
Ramp CTO Łukasz Anwajler said the recent clarity on cryptocurrency regulation in Brazil was one of the reasons why Ramp opened an entity in the South American country.