Mercuryo, a global payment infrastructure and cryptocurrency platform, has announced the launch of on-ramp services for Wallet in Telegram, the Telegram-integrated crypto management solution, as reported to Finbold on Thursday, March 13.
The partnership is designed to promote mass cryptocurrency adoption and, according to Petr Kozyakov, Co-Founder and Chief Executive Officer (CEO) at Mercuryo, help “onboard millions of new users to cryptocurrency services.”
Toward more accessible crypto payments
As the leading custodial wallet on Telegram, Wallet plays an important role in the democratization of cryptocurrency payments, already supporting Bitcoin (BTC), other stablecoins, and Toncoin (TON), the native token on The Open Network (TON), Telegram’s own Layer-1 (L1) chain.
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With Mercuryo’s focus on user experience and features allowing users to convert fiat into digital currencies, the new partnership is set to ensure a more intuitive experience for newcomers to the crypto market.
Users can now also purchase crypto using their local currency via debit and credit cards, as well as payment solutions such as Google Pay and Apple Pay, without leaving Telegram.
Andrew Rogozov, CEO of Wallet in Telegram, commented on the long-term nature of the Mercuryo integration, stating:
“Wallet’s commitment to mass adoption has always been reflected in the long-term thinking behind our strategy. However, up until now, high on-ramp fees have been a significant barrier for people who want to start using crypto. This in turn slows down adoption. Our new partnership with Mercuryo and the new approach to on-ramping changes this.”
With Wallet offering access to BTC, TON, and Jettons, and Mercuryo supporting multiple fiat currencies, the collaboration will simplify crypto transactions and provide users worldwide with a more cost-effective payment solution.
