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Mercuryo Integrates with zkSync for Fiat-to-Crypto Conversions on Ethereum

source-logo  financemagnates.com 29 April 2024 10:47, UTC

Global payments infrastructure provider Mercuryo has announced its integration with zkSync, a Layer 2 scaling solution for Ethereum. This integration introduces an intuitive on-ramp service facilitating the conversion of fiat currency into digital tokens for users of the protocol.

Transaction Simplification and Cost Efficiency Enhancement

The integration holds the promise of enhancing the user experience within applications operating on the zkSync protocol. Specifically, it enables these applications to offer direct fiat-to-crypto purchases within their interface.

Mercuryo's involvement as a payments provider is anticipated to streamline transactions and render them more cost-effective by eliminating the necessity for applications to bridge assets from the underlying Ethereum network. This is expected to result in benefits such as reduced gas fees, faster transaction speeds, and enhanced security protocols inherent to the zkSync protocol.

Moreover, Mercuryo's on-ramp solution is poised to simplify access to zkSync, a leading Layer 2 scaling solution. This simplification potentially reduces the dependency of most user transactions on direct interaction with the Ethereum mainnet, thereby potentially improving efficiency within the ecosystem.