Mercury Cash describes itself as “smart money for smart people.” Find out what that means today in our review.
What Is Mercury Cash?
Mercury Cash is a trading platform for cryptocurrencies, built with the goal of creating a regulated bank for the new digital generation.
The company was founded by Victor Romero in June 2016. Mercury Cash is headquartered in Orlando, Florida. It was built with the goal of building financial solutions for common individuals, including faster and cheaper banking services than traditional banks.
In January, Mercury Cash made headlines for partnering with popular New York-based digital currency Dash. Dash is now using Mercury Cash to expand its footprint in South America (which makes sense, considering 50% of Mercury Cash’s userbase is from South America).
How Does Mercury Cash Cryptocurrency Investing & Trading Work?
Mercury Cash currently has about 3,000 registered users. The exchange was launched in 2017.
You can access Mercury Cash through an app for Android or iOS. The platform offers safe, secure storage. All customers also have protection insurance. Plus, Mercury Cash allows you to exchange funds instantly to your local currency.
Mercury Cash also has merchant services. Merchants can sign up for the Mercury Cash platform and sell to more than 200 markets around the globe.
Right now, Mercury Cash is primarily focused on two digital currencies: Dash and Ethereum.
Integration With Dash
On January 22, news broke online that Mercury Cash was partnering with Dash. The integration means Mercury Cash will offer Dash along with Ethereum to buy and sell via debit and credit card transactions.
Today, more than 50% of Mercury Cash’s userbase is in South America, including countries like Venezuela that have a high demand for digital currencies.
Dash was chosen due to its fast and cheap transaction times. In a press release announcing the news, Mercury Cash mentioned the fact that users didn’t want to wait 10 minutes to pay for a burger – like they do with bitcoin transactions.
Mercury Cash Features
Mercury Cash offers the following key features:
- Buy and sell cryptocurrencies with fiat currencies
- Configure different bank accounts for funding and withdrawals
- Add different debit and credit cards to buy instantly
- Enjoy full trading support over iOS and Android mobile apps
- View price charts in real time
- Send cryptocurrency by email or a wallet address
- Set alerts on prices
Who’s Behind Mercury Cash?
Mercury Cash is led by Victor Romero (CEO and Founder). The company has a total of 50 employees. 11 employees are based in Orlando, while most of the others are in Latin America. Romero himself is formerly of Venezuela.
The company has gone through two funding rounds, raising a total of $787,000. Mercury Cash also holds a money-transmission license from the state of Florida, as well as FinCEN registration. They’re registered as an official corporation, they hold trademarks, and they’re also PCI DSS compliant. All certificates are available for download on the Mercury.cash website.
Mercury Cash Conclusion
Mercury Cash is particularly popular in South America, which is where 50% of its userbase comes from. The company’s founder, Victor Romero, is originally from Venezuela. Mercury Cash recently partnered with Dash to expand Dash usage across the region.
To learn more about Mercury Cash, visit online today at Mercury.cash.