Mercuryo's Intuitive On-Ramp Payments Solution Launched on zkSync

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Apr 29, 2024, 05:00 ET

LONDON, April 29, 2024 /PRNewswire/ – Global payments infrastructure provider Mercuryo has integrated with zkSync, a leading Layer 2 scaling solution for Ethereum, providing an intuitive on-ramp service that enables users of the protocol to seamlessly convert fiat currency into digital tokens.

The integration will enable applications on the zkSync protocol to offer fiat-to-crypto purchases directly in the application. Applications that utilise Mercuryo as a payments provider will become more cost-effective as Mercuryo eliminates the need for applications to bridge assets from the underlying Ethereum network and benefit from the low gas fees, fast transaction speeds and the security procedures that the zkSync protocol provides.

Mercuryo's on-ramp solution will simplify access to the leading Layer 2 scaling solution, thereby minimising the need for most user transactions to interact directly with the Ethereum mainnet.

"We are delighted to play a part in the transformative technology that zkSync embodies and make it available to a greater number of users as a result of the simplicity and intuitive nature of our on-ramp services," said Arthur Firstov, Chief Business Officer at Mercuryo. "As a key infrastructure provider, we are providing users easy access to a flourishing ecosystem that has so much to offer."

"Frictionless transfer and conversion of money and cryptocurrencies is a critical piece of the puzzle for mainstream adoption and increased usage of blockchain technology. We're excited to see a leading on-and-off-ramp solution such as Mercuryo integrate with zkSync and be available to continue to provide an unmatched user experience on zkSync," said Omar Azhar, Head of Business Development at Matter Labs.

About Mercuryo

Mercuryo stands out in the decentralized ecosystem by enhancing payment use case growth and seamless on-chain integration, simplifying the user experience, especially for newcomers to this market. Mercuryo enables efficient capital flow within the DeFi ecosystem and consolidates various payment and banking solutions into a single, user-friendly interface. Since 2018, Mercuryo has proudly partnered with industry leaders such as MetaMask, Trust Wallet, Ledger, Jupiter, 1inch, PancakeSwap, and more, with plans to expand further as we continue to innovate with our stack of products.

About zkSync

zkSync is cutting-edge zero-knowledge (ZK) technology to scale Ethereum and bring crypto to the mainstream — reaching millions of developers and billions of people in need of a technological solution for achieving progress and prosperity.

SOURCE Mercuryo