“The opportunities for linking crypto and fiat currencies are abundant. From crypto projects that require fiat solutions (like fiat on and off ramps and IBANs), through to crypto for traditional fiat systems, and solutions for fintech companies that enable clients to buy or sell crypto within their own infrastructure.”
Mercuryo has 3 million users worldwide, the crypto payments company announced in a milestone for the London-headquartered business that saw growth accelerating as of late, having hit 2 million users just four months ago, in January 2022.
Revenue in the first four months of 2022 has shot up by 39% on a year over year basis. The company is scaling fast and has plans to expand their product offering in the coming months.
The firm provides businesses from both fiat and crypto worlds with a wide range of financial services, accessible through single API integration. Mercuryo empowers users to buy crypto with a range of payment options, including Visa and Mastercard credit and debit cards, Apple Pay, and Google Pay. Holdings will be credited directly to the user’s wallet immediately after payment.
The global payments platform has secured more than 200 partners since its inception in 2018. It now works with leading industry players such as Binance, Trust Wallet and 1inch. The firm has most recently integrated with cryptocurrency derivatives exchange BitMEX to enable faster and more secure fiat-to-crypto purchases for users.
BitMEX users will now be able to purchase cryptocurrency with 21 more fiat currencies, including AED, ARS, QAR, THB, UAH, and ZAR, as the digital asset space opens up further to the emerging economies.
The accelerated expansion was fueled by the €12.5 million Series A funding round in June 2021, led by Target Global. 2021 was a breakthrough year for Mercuryo as it expanded into Asian and US markets, and added Apple and Google Pay support to its offer, and launched IBANs to help companies and individuals open full-fledged banking accounts – combining fiat and crypto services in one app.
Petr Kozyakov, Chief Executive Officer of Mercuryo, commented: “Reaching 3 million users worldwide is a major milestone for us. Reaching it so quickly is welcome proof that our mission, to reinvent the payments landscape and bridge the gap between traditional fiat and cryptocurrency assets, is gaining even more momentum.”
“The opportunities for linking crypto and fiat currencies are abundant. From crypto projects that require fiat solutions (like fiat on and off ramps and IBANs), through to crypto for traditional fiat systems, and solutions for fintech companies that enable clients to buy or sell crypto within their own infrastructure.
“Our belief is that crypto is a game-changer for cross-border payments and settlements between parties. ‘Business payments made easy’ is the future we are working towards. Our mission is to give every business the chance to become global. We are delighted to have reached this significant moment in that journey.”
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