Trust Wallet has teamed up with Mercuryo to provide the ability to exchange between cryptocurrency and traditional currencies.

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Reworded:

Trust Wallet and Mercuryo have formed a partnership to offer a seamless way for users to exchange over 30 digital currencies for traditional money. While cryptocurrencies provide a decentralized way to store value, many real-world transactions still require fiat currency in different countries. By combining Trust Wallet’s self-custody service with Mercuryo’s payments infrastructure, users can easily convert their digital coins.

Petr Kozyakov, co-founder and CEO of Mercuryo, highlights the importance of a secure off-ramp service for those holding digital assets. Through this collaboration, Trust Wallet users in over 135 countries can convert more than 30 virtual currencies into euros and U.S. dollars. This initiative aims to promote wider adoption of digital assets, particularly in Europe, as new regulations like MiCA are implemented.

In recent months, other companies such as Strike, Tether, Robinhood, and Kraken have also expanded their services to Europe. The region has become a center for virtual currency banking, with over 63 institutions offering digital asset facilities. This development shows the increasing acceptance and integration of cryptocurrencies into mainstream financial systems.