Mercuryo, one of the leading European cryptocurrency payments providers, announces the expansion of its fiat-to-crypto gateway solution to North America.
With the mission to make digital assets more accessible globally, Mercuryo offers seamless fiat-to-crypto payment gateway solutions to corporate and consumer clients. Since its launch, Mercuryo has been serving over 600,000 users and 180 crypto projects and prominent enterprises, such as Binance, Bitfinex, and Trezor. With a 20x volume growth in the past six months, the firm has become a leading digital asset payment gateway provider in Europe.
To support the rapidly expanding cryptocurrency ecosystem, Mercuryo features two flagship solutions: a digital asset wallet and a widget service. While the wallet provides access to seamless crypto-to-fiat and fiat-to-crypto transactions, businesses can integrate the widget directly into their apps or websites as a fiat-to-crypto payment gateway. With compatibility across all devices and a user-friendly and interactive interface, all it takes is a few clicks for customers to purchase digital assets in their local currencies via Visa and Mastercard credit and debit cards. The widget also supports Apple Pay and Google Pay services, so that clients can buy crypto this way too.
Following its success in Europe, Mercuryo now expands its services to the North American continent, starting by rolling out its crypto payments solution to 51 jurisdictions in the United States.
“We are excited about our new endeavor and entering the US market. We are observing an interest from the US market – 41 percent of payments on our platform are made in US dollars. Our vision is to build financial infrastructure that provides customers around the world with easy and fast access to cryptocurrencies,” says Petr Kozyakov, CBDO and a co-founder of Mercuryo.
Due to a recent strategic agreement, Mercuryo can leverage its partner’s cryptocurrency settlement and compliance infrastructure for the expansion, allowing US customers to benefit from the same multiple service options as Europeans. By supporting a wide selection of currencies, Mercuryo allows flawless on-ramps with reduced fees for users throughout the United States.
The partner firm is a registered Money Service Business under the oversight of FinCEN and a licensed Money Transmitter in over 40 U.S. states, allowing Mercuryo to offer regulated digital asset payments solutions for all its customers in the United States.
“We are pleased that Mercuryo is leveraging the Zero Hash compliance and technology building blocks to service US customers. We empower innovators such as Mercuryo who are building Finance 2.0 by providing a turnkey and totally customizable solution for transactions in a regulated ecosystem,” Edward Woodford, CEO of Zero Hash, stated.
To kickstart the expansion, Mercuryo closed a €2.5m seed funding led by the international venture capital fund Target Global in September 2020.
In addition to the new funding, the company has made excellent progress with advancing its ecosystem’s growth last year. The company’s turnover achieved significant growth in 2020, going up 50 times. In Q4 2020, the turnover was $75.5M. The number of company employees also went up by 150%. Furthermore, the company expanded into multiple countries and set the stage for introducing new services in 2021.
Founded in 2018, Mercuryo.io is a global cross-border payments network that allows businesses to send and receive transactions for products and services using cryptocurrencies. With offices in Tallinn and London, the firm operates a leading digital asset payment gateway in Europe. In addition to a fast-growing customer base of over 600,000 users, Mercuryo has partnerships with prominent crypto enterprises, such as Binance, Bitfinex, Trezor, Bithumb, and over 150 market-makers. With ambitious plans to scale up globally, the company closed a €2.5m seed funding in 2020 led by a significant international VC fund, Target Global.