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Mercuryo and Trust Wallet Partner to Offer Crypto-to-Fiat Conversion

Finance Magnates

Cryptocoins News / Finance Magnates 49 Views

Global payments infrastructure provider Mercuryo has announced a new partnership with Trust Wallet, a leading self-custody Web3 wallet. Trust Wallet supports over 100 blockchains and more than 10 million assets. The partnership introduces an off-ramp service that allows users to convert cryptocurrencies into fiat currencies.

Linking Web3 and Web2 for Crypto and Fiat Exchange

The off-ramp service aims to bridge the gap between Web3 and Web2. It provides users with a straightforward interface for switching between fiat and cryptocurrency. These services are important for Web3 adoption, helping to attract users who are more familiar with Web2.

Mercuryo’s off-ramp service for Trust Wallet enables the conversion of over 30 cryptocurrencies into US dollars (USD) or euros (EUR). This service is available in 135 countries.

“Trust is the wallet of choice for millions of mobile users across the globe,” said Petr Kozyakov, Co-Founder and CEO at Mercuryo.

“While there is never anything more important than storing your crypto securely, having access to a seamless off-ramp service is also vital. Trust Wallet’s adoption of Mercuryo’s intuitive and user-friendly off-ramp service is a great endorsement of our offering, which is available across the globe.”

Accessibility with New Conversion Tool

To convert cryptocurrency into fiat on Trust Wallet, users select the cryptocurrency they wish to sell and enter the amount.

After confirming the selection, they proceed to the Mercuryo portal for validation. The user finalizes the sale by clicking the "Sell" button. Once the transaction starts, users can monitor its status via a progress screen. Upon completion, users receive confirmation and details of the fiat funds received.

“At Trust Wallet, we're committed to making Web3 easier and more accessible for millions of people,” said Michael Lwin, Staff Product Manager at Trust Wallet.

“The addition of Mercuryo as an off-ramp provider underscores this commitment, as well as our drive to continuously improve the user experience. Users now have more flexibility and options than ever for converting their crypto to fiat in a way that is safe and secure.”

This article was written by Tareq Sikder at www.financemagnates.com.
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