In a new tweet published by Mecuryo via its Twitter handle @mecuryo_io the Global payment network declared it has successfully integrated Ripples’ native token XRP into its systems.
It further highlighted the roles that Ripple had played in executing cross-border transactions and payments using its XRP token. XRP is one of the tokens used by prominent banks to ensure fast, rapid, and secure transactions, which come very cheap.
Mecuryo also informed its 59.2 thousand followers on Twitter at the time of writing that it has also integrated the stablecoin USDC powered by Circle. USD Coin is the second largest stablecoin in terms of circulation and is pegged to the US dollars. The coin can be redeemed for United States dollars, and it’s collateralized in Circle’s reserves in the form of USD. They also provided support for
Mercuryo over the years has been known to carry out effective and fast cross-border payments. The platform can do this through its dependence on Cryptocurrencies.
In June, Mecuryo conducted its Series A funding round that was championed by Target Global. The funding round raised a total sum of $7.5 million for the start-up.
Mercuryo’s staff number is currently ranking about 250 employees around the world. The platform operates in over 5 regions: London, Riga, and other areas, with 250 high-ranking partners, the likes of BINANCE, Trust Wallet, Trezor, and Bithumb among others. A really impressive record for a Crypto service startup that was founded in 2018.
The crypto service platform aims to create a channel for payment solutions for the crypto industry. In a bid to make digital assets readily available to crypto users.
In May 2022, Mecuryo achieved another feat with a partnership deal with a credible DEX aggregator, 1INCH NETWORK. This partnership was instrumental to the feature which allowed the platform to enable a fiat on-ramp for DEFI.
In the next month, Mecuryo added another start to its rank as it thrived as one of the first platforms in the crypto industry to integrate open banking payment options. This was achieved after it went into a deal with an open payment solution gateway; Volt. Enabling better Security and enhancing higher transactional speed.
The company, which has its base in London and Tallinn, announced in June declaring its intentions to open up a new office outlet in the United States, which would further help its density and expansion in the country.