1inch opens fiat sales of DeFi assets through Mercuryo integration

The liquidity aggregator for decentralized exchanges 1inch has entered into a partnership with payments network Mercuryo and opened fiat-based sales of DeFi assets.

“Some users have encountered difficulties trying to join the DeFi segment, because most existing options for buying cryptocurrency are too complex and inconvenient,” said 1inch cofounder Sergey Kunz.

According to him, the integration between 1inch and Mercuryo offers everyone a convenient way to purchase DeFi tokens with fiat.

Users will only need the 1inch Wallet app installed on their smartphones. As of writing, it had been downloaded more than 62,000 times since launch on April 27.

Mercuryo works with more than 250 companies in the crypto industry and serves users in 180 countries.

Earlier this year, the 1inch Network ecosystem expanded to the Polygon network.

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