Mercuryo launches fiat-to-crypto on-ramp services in Indonesia, integrating with major banks and payment providers. This move aims to facilitate easier cryptocurrency purchases for Indonesian users.
Points
- Mercuryo integrates crypto ramp solution with Indonesian banks BRI and BNI.
- Users can convert Indonesian rupiah （IDR） into 40 digital tokens.
- The integration supports the Quick Response Code Indonesian Standard （QRIS） and e-wallet provider Ovo.
- Mercuryo plans to expand services to local businesses and exchanges.
New Integration with Indonesian Banks
Mercuryo, a payments infrastructure platform, has launched fiat-to-crypto on-ramp services in Indonesia. The integration includes major banks Bank Rakyat Indonesia （BRI） and PT Bank Negara Indonesia （BNI）, as well as the Quick Response Code Indonesian Standard （QRIS） and e-wallet provider Ovo. This development allows Indonesian users to convert their local currency, the Indonesian rupiah （IDR）, into 40 different digital tokens, including Bitcoin （BTC）, Ether （ETH）, and Tether （USDT）.
Facilitating Crypto Purchases
When users of BRI and BNI wish to purchase cryptocurrencies, they will receive a payment identifier and instructions for completing the transaction through their banks. The QRIS system enables users to purchase crypto by generating a unique QR code for each transaction, ensuring a quick and seamless payment process. Ovo users will receive push notifications with instructions on how to purchase crypto using their fiat.
Expanding Services
Beyond individual users, Mercuryo aims to integrate its services with local businesses and centralized exchanges in Indonesia. This expansion will enable businesses to utilize Mercuryo’s payment solutions, enhancing the accessibility and adoption of cryptocurrencies in the region.
Conclusion
Mercuryo’s integration with Indonesian banks and payment providers marks a significant step towards facilitating easier cryptocurrency purchases for local users. By expanding its services to businesses and exchanges, Mercuryo is set to enhance the overall crypto ecosystem in Indonesia.