It’s good news for the crypto-trading fraternity today as Mercuryo and Trust Wallet have come together to offer a new service to convert Crypto to Fiat easily. This partnership means continuing to enhance the connection between Web 3. 0 and Web 2. 0, which becomes crucial for individuals who, effortlessly, can include their tokens in their everyday financial activities.
Introducing Fiat Conversion Solutions to Support Users
The off-ramp service is used in 135 countries to convert cryptocurrencies to USD or EUR among 30+ options available. Unlike other platforms, this feature will be very helpful for those who want to use their cryptocurrencies in fiat money markets. Through the above transformations, Mercuryo and Trust Wallet are providing users with easy access to their funds that would not be easily availed through crypto transactions.
Enhancing Accessibility and Usability
However, one would find it quite interesting to note that this engagement is very much concerned with accessibility as well as use. Trust Wallet has gained a reputation for being safe when interacting with your digital assets and easy to use at the same time. By allowing users to peg digital currencies with fiat, the integration of Mercuryo’s off-ramp service is beneficial in expanding the capabilities of Trust Wallet and bridging the gap between the two worlds of decentralized and centralized finance.
The process begins with the selection of a certain cryptocurrency and then inputting the required amount for the sell. Having agreed on the terms and conditions they click a button and they are redirected to the Mercuryo portal for realization. In simpler terms, to sell the items, users are required to click on the “Sell” button. Upon initiating a transaction, they can monitor the status of the transaction on a progress bar all through the exercise. Once the transaction is complete, they receive a notification and additional information about the fiat funds that they received.
Trust Wallet also stresses the service’s commitment to becoming a bridge for Web3 adoption to common individuals and not just tech-savvy ones, according to Staff Product Manager Michael Lwin.
Mercuryo and Trust Wallet’s service helps those, who are used to using traditional services and those who are new to cryptocurrencies, to come closer to the world of crypto and vice versa.
Also read: Regulation of Buy Now Pay Later Emerges: Is Comparing to Credit Cards The Right Approach?
