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Trust Wallet integrates Mercuryo for crypto-fiat exchanges
Trust Wallet and Mercuryo have collaborated to enhance cryptocurrency access for over 30 digital assets.
While cryptocurrencies allow participants to store value in virtual assets built on decentralized networks, many real-world payments still require fiat vehicles for settlement in many countries and jurisdictions.
Giant self-custody provider Trust Wallet and payment infrastructure company Mercuryo have teamed up to allow users to turn their digital coins into real money, a process dubbed “off-ramping.” Commenting on the collaboration, Mercuryo co-founder and CEO Petr Kozyakov said that “having access to seamless off-ramp service” is just as important as securely storing digital assets.
According to a press release, Trust Wallet users can convert over 30 virtual currencies into euros and US dollars through the service, which is available in over 135 countries worldwide.
The joint initiative marks another effort by web3 companies to support the mass adoption and increase use cases of digital assets, particularly across Europe, with the landmark securities markets legislation coming into force. cryptographic activities (MiCA) of the block.
Other service providers like Strike, Bind, Robin HoodAND Kraken, to name a few, have expanded services in Europe in recent months. The region is also a hot spot for virtual currency banking services, with over 63 institutions offering digital assets, such as crypto.news reported.