Jun 04, 2024 12:25
Global payments infrastructure provider Mercuryo hasannounced a new partnership with Trust Wallet, a leading self-custody Web3wallet. Trust Wallet supports over 100 blockchains and more than 10 millionassets. The partnership introduces an off-ramp service that allows users toconvert cryptocurrencies into fiat currencies.
Linking Web3 and Web2 for Crypto and Fiat Exchange
The off-ramp service aims to bridge the gap between Web3 andWeb2. It provides users with a straightforward interface for switching betweenfiat and cryptocurrency. These services are important for Web3 adoption,helping to attract users who are more familiar with Web2.
Mercuryos off-ramp service for Trust Wallet enables theconversion 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 usersacross the globe, said Petr Kozyakov, Co-Founder and CEO at Mercuryo.
Whilethere is never anything more important than storing your crypto securely,having access to a seamless off-ramp service is also vital. Trust Walletsadoption of Mercuryos intuitive and user-friendly off-ramp service is a greatendorsement of our offering, which is available across the globe.
Accessibility with New Conversion Tool
To convert cryptocurrency into fiat on Trust Wallet, usersselect the cryptocurrency they wish to sell and enter the amount.
Afterconfirming the selection, they proceed to the Mercuryo portal for validation.The user finalizes the sale by clicking the "Sell" button. Once thetransaction starts, users can monitor its status via a progress screen. Uponcompletion, users receive confirmation and details of the fiat funds received.
At Trust Wallet, we're committed to making Web3 easier andmore accessible for millions of people, said Michael Lwin, Staff ProductManager at Trust Wallet.
The addition of Mercuryo as an off-ramp providerunderscores this commitment, as well as our drive to continuously improve theuser experience. Users now have more flexibility and options than ever forconverting their crypto to fiat in a way that is safe and secure.
This article was written by Tareq Sikder at www.financemagnates.com.