Trust Wallet cooperates with Ramp and MoonPay to enable crypto-to-fiat withdrawals

Trust Wallet cooperates with Ramp and MoonPay to enable crypto-to-fiat withdrawals
Trust Wallet-A decentralized crypto wallet provider without custody-worked with the payment systems Ramp and MoonPay to enable customers to convert their stocks of digital assets directly in Fiat.
Users who have over 100 TWT receive a special discount when lifting money.
The new Fiat-Off-Ramp feature
according to a document that was seen by Cryptopotato Trust Wallet shook ramp and Moonpay to enable users to completely enter and out in their crypto stock without having to rely on centralized units.
In order to reduce the fees associated with withdrawals, Trust Wallet will announce a discount for people with more than 100 TWT (the native token of the ecosystem).
Eric Chang-Head of Product-said that the collaboration would offer customers "the best offers for the direct sale of their crypto-assets to Fiat from their wallet".
"In view of the turbulent market, we think that this is a timely start to give our users the opportunity to decide with some of the best off-ramp providers in a simple user experience what they want to do with their crypto," he added.
The CEO of Ramp, Szymon Sypniewicz, explained that his organization is "incredibly proud" to provide such a solution for the millions of customers of Trust Wallet:
"Before our partnership, their users had to decide between the risk of simpler, centralized custody solutions and the more demanding traveling solutions without custody. From now on I am looking forward to saying that Trust Wallet user can enjoy the best of both worlds."
also spoke to the initiative, Ivan Soto-Wright, CEO from Moonpay, who has praised Trust Wallet as a reliable partner in recent years. He believes that the new integration could help consumers to dive deeper into the defi sector.
The latest $ 4 million Exploit
A rumor in February this year indicates that a Trust Wallet user lost cryptocurrencies worth $ 4 million after a fraudster had taken a photo of his credit (without accessing his starting phrase).
The entity unveiled that the attack was carried out by a criminal unit in Rome, Italy. "Several parties in the crypto community (except the victims) have reported that they too were addressed by the criminals. In most cases, the criminals stated that we were web3 project investors," she said.
Trust Wallet said that the malefactors had personally made their victim and asked for a certificate of money in a hot wallet. Later they convinced them to postpone their stocks from a multi -igig wallet to a new trust wallet with a single key.
While the company warned the users to be extremely careful in such cases, it assured that customer funds were "safe".
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