Mercuryo Payment Platform Connects Traditional Finance to Crypto
Global Infrastructure for Digital Payments
Mercuryo provides the underlying technology that allows users to move money between traditional bank accounts and digital assets. Founded in 2018, the company serves as a bridge for wallets, which are digital tools to store crypto, and exchanges, which are platforms for trading assets.
The company shifted its focus in 2019 to provide payment and compliance technology for other businesses. Led by co-founder and CEO Petr Kozyakov, Mercuryo now supports more than 500 partners, including well-known names like MetaMask, Trust Wallet, and Ledger.
Key Statistics and Growth
- The platform reports more than 12 million users worldwide.
- Total transaction volume has reached over €2 billion.
- The company employs more than 300 people across offices in London, New York, and other global hubs.
- Services support more than 25 traditional currencies and 48 different cryptocurrencies.
Buying and Selling Digital Assets
The core of the business is its on-ramp and off-ramp services. An on-ramp allows a person to buy crypto with traditional money, while an off-ramp lets them sell crypto for traditional currency. These services are integrated directly into partner apps using simple widgets or programming interfaces.
Mercuryo handles the technical side of these transactions, including identity verification, fraud prevention, and payment processing. Users can pay using various methods, such as bank cards, Apple Pay, Google Pay, and regional bank transfers.
Regulatory and Security Compliance
The company operates through several regulated entities depending on the region. In Canada, it is registered as a money services business. In the United Kingdom, it works with firms registered with the Financial Conduct Authority. For the European Economic Area, it utilizes licenses compliant with MiCA, which is the European framework for crypto-asset markets.
Mercuryo also holds an ISO/IEC 27001:2022 certification, which is an international standard for managing information security.
Risks and Service Limitations
While Mercuryo provides broad access to crypto, services are subject to regional laws and identity checks. Fees and transaction limits can change based on where a user is located and which payment method they choose. Users may also face risks related to network congestion or the volatility of digital assets, which can cause prices to change quickly.
Why Infrastructure Matters for Crypto Users
By providing the technology for other companies, Mercuryo makes it easier for people to use digital assets without needing to understand complex technical processes. This infrastructure allows popular apps to offer financial services while Mercuryo manages the background tasks of compliance and banking connections.