Global payments infrastructure provider Mercuryo has partnered with Trust Wallet, a prominent self-custody Web3 wallet, to introduce an off-ramp service.
Trust Wallet, supporting over 100 blockchains and more than 10 million assets, will now allow users to convert cryptocurrencies into fiat currencies through this service.
This new off-ramp service aims to bridge the gap between Web3 and Web2, offering users a straightforward interface for switching between fiat and cryptocurrency.
Such services are crucial for the adoption of Web3, attracting users who are more familiar with the traditional Web2 environment.
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 accessible 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.”
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.”