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1inch integrates with Mercuryo, enabling fiat onramp to DeFi


Decentralized trade aggregator 1inch Network has partnered with Mercuryo, a cross-border fee community, to present its customers with a extra seamless gateway to DeFi — doubtlessly opening up the market to better adoption. 

“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,” stated Sergej Kunz, co-founder of the 1inch Network, including:

“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 assets.”

Petr Kozyakov, Mercuryo’s CEO and co-founder, stated his firm has seen “great demand” for fiat onramp options 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. And we are proud to be integrated into the 1inch Wallet, as we value the power of its supportive community.”

The 1inch Network has been within the headlines not too long ago after expanding into Polygon — a transfer that opened up extra liquidity sources and better throughput for its customers. On Apr. 27, 1inch additionally launched a new mobile wallet on Apple iOS, enabling customers to immediately swap tokens on their cellular gadgets.

DeFi continues to be one of many hottest segments of the cryptocurrency market. Despite the recent market downturn, the DeFi sector accounts for almost $126 billion in complete worth locked, according to newest trade figures. That quantity peaked nicely north of $160 billion earlier this month. The complete market capitalization of DeFi initiatives is now price greater than $107 billion.


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