Mercuryo Partners Telegram Wallet for Crypto Access to 900M Users
2min read Mercuryo, an international payments infrastructure firm, has partnered with Wallet in Telegram to facilitate access to cryptocurrencies for millions of users. This collaboration introduces on-ramp services to Wallet, Telegram’s custodial crypto asset solution, simplifying and reducing the cost of buying digital tokens. The integration allows users to purchase a wide range of digital assets, including Bitcoin, leading stablecoins, Toncoin (TON), and the Open Network (TON) blockchain native coin, using fiat currencies such as the US dollar (USD) and euro (EUR). This makes it easier for new cryptocurrency users to enter the market.
Mercuryo CEO Petr Kozyakov emphasized that the partnership aims to onboard tens of millions of new users into the crypto space. With an improved on-ramping process, the platform supports the overall goal of making digital assets available to Telegram’s extensive user base of over 900 million users. The Open Platform CEO Andrew Rogozov highlighted that Telegram serves as the primary point of entry for the majority of new cryptocurrency users. He noted that Wallet in Telegram is designed to allow crypto transfers as simple as sending a message, aiming to increase access to zero-fee crypto buys in more nations with future partnerships. Mercuryo has been added as the exclusive on-ramp provider to support this goal.
Mercuryo, a pioneer in Web3 payments, has collaborated with market leaders such as MetaMask, Trust Wallet, Ledger, and PancakeSwap since 2018. The company continues to develop groundbreaking financial solutions, improving convenience for digital asset holders across the globe. Telegram Wallet makes it easier to make crypto payments by enabling users to send their digital tokens as simply as sending a message. With over 950 million users on the Telegram platform, the integration is a significant step towards mainstream adoption of cryptocurrencies.
Wallet in Telegram has integrated Mercuryo's on-ramp services into its built-in cryptocurrency platform, aiming to simplify the process of purchasing cryptocurrencies. This integration allows users to seamlessly convert fiat currency into digital assets directly within the Telegram app, enhancing the user experience and promoting broader adoption of cryptocurrencies. The move is part of a broader effort to make cryptocurrency transactions more accessible and user-friendly, aligning with the growing trend of integrating financial services into popular messaging platforms.
The addition of Mercuryo's on-ramp services to Telegram's Wallet platform is a strategic move that leverages the widespread use of Telegram to facilitate easier access to cryptocurrencies. By enabling users to purchase digital assets directly within the app, Telegram aims to attract a larger user base and encourage more people to engage with cryptocurrencies. This integration not only simplifies the process of acquiring cryptocurrencies but also enhances the overall user experience by providing a convenient and secure way to manage digital assets.
The integration of Mercuryo's on-ramp services into Telegram's Wallet platform is a significant development in the cryptocurrency space. It reflects the growing demand for user-friendly and accessible cryptocurrency solutions. By partnering with Mercuryo, Telegram is positioning itself as a leader in the integration of financial services into messaging platforms, making it easier for users to adopt and use cryptocurrencies in their daily lives. This move is likely to have a positive impact on the adoption of cryptocurrencies, as it removes some of the barriers that have traditionally hindered their widespread use.
