Off-ramp agreement with Ramp increases World App users’ financial options
The Worldcoin project is working to give everyone access to the global economy.
That mission has reached another milestone with the announcement of a WLD off-ramp agreement between World App creator Tools for Humanity and Ramp, a leading financial technology company offering non-custodial, full-stack payment infrastructure for millions of people worldwide.
As part of the agreement, Ramp will provide off-ramping capabilities* for WLD token holders through World App. World App users in markets where the WLD token is available will be able to easily convert their WLD into fiat currency, initially through debit and credit cards. More payout options are slated to be made available in the future.
*Capabilities are subject to geographical and regulatory limitations.
"We’re incredibly proud to provide our on and off-ramping services to millions of people to enable the seamless conversion of their WLD into fiat,” said Szymon Sypniewicz, CEO at Ramp. “Moreover, we’re excited to contribute to Worldcoin’s mission to create a more accessible, human-centric digital economy, and we’re looking forward to continuing to build on this partnership.”
Reserved WLD token grant redemptions go live
In addition to the off-ramp agreement, reserved WLD token grant redemptions have also been rolled out globally wherever WLD is available.
Anyone who has not yet had their World ID fully verified and is eligible to receive WLD token grants can reserve them in World App. Reserved token grants may be redeemed up to 12 months after reservation once the individual’s World ID has been fully verified.
After verifying at an Orb, a prompt will appear in the “Worldcoin Grant” tab in World App to redeem reserved grants. Simply follow the prompt instructions to receive the corresponding WLD tokens*.
*Note: Terms and Conditions apply to WLD Reservations.
Eligibility for Worldcoin (WLD) tokens is restricted based on geography, age, and other factors. WLD are not intended to be available to U.S. residents. For details, go to: www.worldcoin.org/tos. Crypto products can be highly risky. Important User Information can be found at www.worldcoin.org/risks.