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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.
STORY CONTINUES BELOW
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.
Lyllah Ledesma
Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds a master's degree from New York University in Business and Economics and an undergraduate degree in Political Science from the University of East Anglia. Lyllah holds bitcoin, ether and small amounts of other crypto assets.
