Decentralized exchange aggregator 1inch Network has partnered with Mercuryo, a cross-border payment network, to provide its users with a more seamless gateway to DeFi \u2014 potentially opening up the market to greater adoption.\u00a0<\/p>\n
\u201cTo 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,\u201d said Sergej Kunz, co-founder of the 1inch Network, adding:<\/p>\n
\u201cThe 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.\u201d <\/p><\/blockquote>\n
Petr Kozyakov, Mercuryo\u2019s CEO and co-founder, said his company has seen \u201cgreat demand\u201d for fiat onramp solutions to DeFi:<\/p>\n
“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.”<\/p>\n
The 1inch Network has been in the headlines recently after expanding into Polygon \u2014 a move that opened up additional liquidity sources and higher throughput for its users. On Apr. 27, 1inch also launched a new mobile wallet on Apple iOS, enabling users to instantly swap tokens on their mobile devices. <\/p>\n
DeFi continues to be one of the hottest segments of the cryptocurrency market. Despite the recent market downturn, the DeFi sector accounts for nearly $126 billion in total value locked, according to latest industry figures. That number peaked well north of $160 billion earlier this month. The total market capitalization of DeFi projects is now worth more than $107 billion. <\/p>\n
Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Decentralized exchange aggregator 1inch Network has partnered<\/p>\n","protected":false},"author":3,"featured_media":126462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n
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