The Global payments infrastructure provider Mercuryo has announced its integration with zkSync, a Layer 2 scaling solution for Ethereum. This integration introduces an intuitive on-ramp service facilitating the conversion of fiat currency into digital tokens for users of the protocol.

Transaction Simplification and Cost Efficiency Enhancement

The integration aims to enhance the user experience within applications operating on the zkSync protocol. Specifically, it enables these applications to offer direct fiat-to-crypto purchases within their interface.

Mercuryo's involvement as a payments provider is anticipated to streamline transactions and render them more cost-effective by eliminating the necessity for applications to bridge assets from the underlying Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term network. This is expected to result in benefits, such as reduced gas fees, faster transaction speeds, and enhanced security protocols inherent to the zkSync protocol.

"Frictionless transfer and conversion of money and cryptocurrencies is a critical piece of the puzzle for mainstream adoption and increased usage of blockchain technology. We're excited to see a leading on-and-off-ramp solution such as Mercuryo integrate with zkSync and be available to continue to provide an unmatched user experience on zkSync," said Omar Azhar, the Head of Business Development at Matter Labs.

On-Ramp Solution Facilitates Access to Layer 2 Scaling

Moreover, Mercuryo's on-ramp solution is poised to simplify access to zkSync, a leading Layer 2 scaling solution. This simplification potentially reduces the dependency of most user transactions on direct interaction with the Ethereum mainnet Mainnet A mainnnet is a term to describe the primary blockchain network that a cryptocurrency project will operate. The mainnet reflects the final product or stage of a cryptocurrency project that can be accessed and used by the general public. This means that cryptocurrency transactions are being broadcasted, verified, and recorded on blockchain.In contrast to mainnet networks exists testnets, which describe the state during which a blockchain protocol or network is not yet up and running on its full c A mainnnet is a term to describe the primary blockchain network that a cryptocurrency project will operate. The mainnet reflects the final product or stage of a cryptocurrency project that can be accessed and used by the general public. This means that cryptocurrency transactions are being broadcasted, verified, and recorded on blockchain.In contrast to mainnet networks exists testnets, which describe the state during which a blockchain protocol or network is not yet up and running on its full c Read this Term, thereby, potentially improving efficiency within the ecosystem.

"We are delighted to play a part in the transformative technology that zkSync embodies and make it available to a greater number of users as a result of the simplicity and intuitive nature of our on-ramp services," said Arthur Firstov, the Chief Business Officer at Mercuryo. "As a key infrastructure provider, we are providing users easy access to a flourishing ecosystem that has so much to offer."