Gnosis Launches uRamp, Bridging On and Off-Chain Worlds

Gnosis has launched uRamp, a product on Gnosis Chain that lets users on- and off-ramp any ERC20 token to and from their bank accounts, which it describes as part of its push to make Gnosis the best network for payments. Co-founder Stefan George says uRamp offers an easier, lower-cost and more reliable alternative to existing on- and off-ramping flows, which he describes as clunky and high-fee. The product was launched with Monerium, whose EURe euro stablecoin is swapped 1:1 with EUR, and it was built with BootNode, Gnosis' long-term engineering partner.