Trust Wallet Working With MoonPay and Ramp for Off-Ramp Integration
The wallet will offer discounts to users who own over 100 trust wallet tokens to reduce off-ramp fees.
Trust Wallet, a non-custodial crypto wallet with over 60 million users, is working with crypto payments services MoonPay and Ramp Network to allow users to convert their crypto into fiat currencies within its app, enabling a smoother off-ramp experience.
The aim is to allow users to move in and out of crypto solely through their self-custody wallet having full ownership of their assets, without relying on a centralized exchange, according to a press release.
Trust Wallet said it will offer discounts to users who have above 100 trust wallet tokens (TWT), in an attempt to reduce off-ramp fees. At the time of writing, TWT was trading at $1.19.
“Before our partnership, Trust Wallet users had to choose between the risk of simple, centralized custodial solutions, and the more demanding journeys of more secure, non-custodial solutions,” said Said Szymon Sypniewicz, chief executive officer at Ramp.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.