DeFi non-custodial wallet iToken taps Mercuryo as fiat on-ramp

Mercuryo has previously onboarded 1inch, Trezor, and Trust Wallet in its quest to facilitate access to crypto. 

DeFi non-custodial wallet iToken has integrated payments solution platform Mercuryo as its sole fiat on-ramp.

Under the partnership, iToken’s more than ten million users will be able to use their preferred and local payment methods to purchase over 20 different cryptocurrencies.

Payment methods covered by Mercuryo include credit, debit cards, Apple Pay, and Google Pay.

Petr Kozyakov, Chief Executive Officer of Mercuryo said: “We are excited to partner with iToken to offer over ten million users the option to purchase cryptocurrency. This supports Mercuryo’s wider mission to align and simplify fiat and crypto payment infrastructures for business across the globe, reimagining the traditional payments ecosystem and offering better choice, value and ease in the payments industry. ”

Liser Lee, Head of iToken Wallet, added: “The integration of Mercuryo’s fiat ramps in iToken further cements our position as a leader among crypto wallets. Providing a wide suite of financial products to unlock economic freedom for as many people as possible, worldwide, is what we passionately and persistently pursue.”

The team-up will expand Mercuryo’s footprint in Southeast Asia, which is iToken’s key market, and supports its plan to include additional ASEAN currencies.

Mercuryo has previously onboarded 1inch, Trezor, and Trust Wallet in its quest to facilitate access to crypto.

Revenue in the first four months of 2022 has shot up by 39% on a year over year basis. The company is scaling fast and has plans to expand their product offering in the coming months.

The firm provides businesses from both fiat and crypto worlds with a wide range of financial services, accessible through single API integration.

The global payments platform has secured more than 200 partners since its inception in 2018. Among its clients are Binance and BitMEX.

The accelerated expansion was fueled by the €12.5 million Series A funding round in June 2021, led by Target Global. 2021 was a breakthrough year for Mercuryo as it expanded into Asian and US markets, and added Apple and Google Pay support to its offer, and launched IBANs to help companies and individuals open full-fledged banking accounts – combining fiat and crypto services in one app.