In this post:
- Mercuryo has partnered with European start-up Revolut to unveil Revolut Pay on non-custodial wallets.
- Revolut Pay will provide users of the non-custodial wallets with a low-cost, reliable, and safe payment method service.
Mercuryo, a global payments infrastructure platform, has partnered with European start-up Revolut to unveil Revolut Pay.
Mercuryo, a DeFi payment use case, has partnered with the global fintech platform Revolut. The partnership has led to the establishment of Revolut Pay, a payment platform that facilitates the purchase process of digital currencies on noncustodial wallet service providers.
Revolut Pay offers non-custodial wallet users a low-cost option for purchasing crypto
The launch of Revolut Pay introduces the service’s rollout across Mercuryo’s 200-plus merchant ecosystem. Revolut Pay will offer users of the non-custodial wallets a low-cost option for reliable and safe payment method.
Petr Kozyakov, co-founder and CEO at Mercuryo, commented on the innovation, stating that the platform will provide DeFi users with a more user-friendly option for buying cryptocurrencies than the existing traditional means. According to the executive, the alliance aligns with Mercuryo’s long-term mission of making crypto assets more accessible to everyone.
“…this collaboration marks an important milestone in Mercuryo’s mission to make cryptocurrencies more accessible to everyone. Revolut operates in over 160 countries and regularly processes a vast amount of fiat transactions worth millions in fiat. This makes them an excellent gateway to the world of cryptocurrencies for many people. By integrating Revolut Pay with our On-Ramp solution, we’re offering Revolut’s clients a convenient and secure way to engage with digital assets.”
Petr Kozyakov
Revolut Pay simplifies buying crypto assets to a single click. The platform also has reinforced security features, including biometric technology and passcodes that secure the crypto purchasing process for users.
Revolut users will select the platform at checkout. They will then authorize the purchase in their Revolut application through biometrics or their passcode. Users without the Revolut application will complete the purchase using their credit and debit card credentials.
Revolut Pay features different fiat currencies to streamline crypto purchases
The Revolut Pay payment method will be available to users in the European Economic Area (EEA). The platform will provide the users access to a variety of leading fiat currencies, including the U.S. dollar (USD), euro (EUR) and British pound (GBP).
Revolut Pay introduces an inbuilt Know Your Customer (KYC) process for new users. Non-Revolut customers can complete the process in minutes to gain full access to the platform’s features.
The process capitalizes on the same KYC infrastructure that has been used to verify the identities of more than 40 million global Revolut users. Revolut Pay will allow users to purchase 44 crypto assets through the Revolut Pay service infrastructure.
Mercuryo is not a new participant in the Web3 ecosystem. Since 2018, the platform has continuously formed strategic partnerships with other prominent industry players, such as 1inch and PancakeSwap, to provide a variety of payment solutions and seamless on-chain integration.
Mercuryo’s solutions are designed to simplify the experience for newcomers to the digital token space. Mercuryo streamlines efficient capital flow in the DeFi ecosystem and combines various payment solutions into a single interface.
