Decentralized exchange aggregator network 1inch partners with Mercuryo a cross-border payment network. It provides users with an easier way to buy Defi assets using the Mercuryo fiat-on-ramp gateway.
This update makes 1inch a genuine single-entry point to DeFi, offering users access to the deepest liquidity within a mobile app.
Sergej Kunz, co-founder of 1inch network says, “To date, some users have been discouraged from entering the DeFi space because most of the existing options for buying crypto are too complicated and inconvenient. The integration between 1inch and Mercuryo offers everyone a user-friendly way to enter the space, buy crypto with fiat and begin trading or securely hold their asset.”
The CEO of Mercuryo, Petr Kozyakov said that the company has seen “High demand” for fiat-on-ramp solutions to DeFi.
“It’s not possible to ignore DeFi if you look at how fast the industry is evolving. We see great demand from our users and partners to enable fiat-on-ramp solutions for DeFi enthusiasts. We are proud to be integrated into the 1inch wallet, as we value the power of its supportive community.”
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The 1inch network has been in headlines, recently expanding into a polygon. That move opened up additional liquidity sources and higher throughput for its users. The 1inch wallet opens up the whole DeFi world.
Mercuryo allows users to buy ETH, DAI, USDT using bank cards, and one-click payment through Apple Pay and Google pay in 180+ countries. It provides a seamless bridge between the fiat and crypto world and handles blockchain fees for users.
