{"id":80110,"date":"2024-06-03T17:11:46","date_gmt":"2024-06-03T21:11:46","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=80110"},"modified":"2024-06-03T17:12:24","modified_gmt":"2024-06-03T21:12:24","slug":"mercuryo-trust-wallet-partner-to-offer-crypto-to-fiat-conversion","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/mercuryo-trust-wallet-partner-to-offer-crypto-to-fiat-conversion\/","title":{"rendered":"Mercuryo, Trust Wallet Partner to Offer Crypto-to-Fiat Conversion\u00a0"},"content":{"rendered":"\n<p>Mercuryo and Trust Wallet have teamed to power cryptocurrency off-ramps for <a href=\"https:\/\/coinscreed.com\/staging\/vanguard-files-specialized-fund-with-special-mention-of-digital-currency.html\" target=\"_blank\" rel=\"noreferrer noopener\">over 30 digital assets<\/a>.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1717446983141.jpeg\" alt=\"Mercuryo, Trust Wallet Partner to Offer Crypto-to-Fiat Conversion\u00a0\" class=\"wp-image-80112\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1717446983141.jpeg 1200w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1717446983141-300x169.jpeg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1717446983141-1024x576.jpeg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1717446983141-768x432.jpeg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1717446983141-750x422.jpeg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1717446983141-1140x641.jpeg 1140w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption class=\"wp-element-caption\">Mercuryo, Trust Wallet Partner to Offer Crypto-to-Fiat Conversion\u00a0<\/figcaption><\/figure>\n\n\n\n<p>Even though cryptocurrencies enable users to hold value in digital assets constructed on top of decentralized networks, many real-world transactions still need to be settled in <a href=\"https:\/\/www.investopedia.com\/terms\/f\/fiatmoney.asp\" target=\"_blank\" rel=\"noreferrer noopener\">fiat currency<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> in several nations and jurisdictions. <\/p>\n\n\n\n<p>Payment infrastructure company Mercuryo and massive self-custody provider Trust Wallet will allow customers to &#8220;off-ramp&#8221;\u2014convert digital currency into physical money.<\/p>\n\n\n\n<p>CEO and co-founder of Mercuryo, Petr Kozyakov, commented on the partnership by stating that &#8220;having access to a seamless off-ramp service&#8221; is just as crucial as safely storing digital assets.\u00a0<\/p>\n\n\n\n<p>A news statement states that Trust Wallet customers can utilize the service, accessible in more than 135 countries globally, to change over 30 virtual currencies into euros and <a href=\"https:\/\/coinscreed.com\/staging\/voyager-digital-plans-to-resume-us-dollars-withdrawal.html\" target=\"_blank\" rel=\"noreferrer noopener\">US dollars<\/a>. <\/p>\n\n\n\n<p>In light of the impending implementation of the historic Markets in Crypto Assets Regulation (MiCA) by the European Union, the collaborative endeavor is yet another attempt by web3 firms to facilitate widespread adoption and expand the use cases for digital assets. <\/p>\n\n\n\n<p>Recently, several service providers have extended their reach into Europe, including Kraken, Tether, Robinhood, and Strike, to mention a few. The area is also a hub for <a href=\"https:\/\/coinscreed.com\/staging\/nydfs-sets-standards-for-virtual-currency-entities.html\" target=\"_blank\" rel=\"noreferrer noopener\">virtual currency banking services<\/a>, with over 63 banks providing digital asset rails.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mercuryo and Trust Wallet have teamed to power cryptocurrency off-ramps for over 30 digital assets.\u00a0 Even though cryptocurrencies enable users to hold value in digital assets constructed on top of decentralized networks, many real-world transactions still need to be settled in fiat currency in several nations and jurisdictions. Payment infrastructure company Mercuryo and massive self-custody [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":80112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1526,19216,10743],"class_list":["post-80110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-digital-assets","tag-mercuryo","tag-trust-wallet"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1717446983141.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=80110"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/80112"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=80110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=80110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=80110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}