Mercuryo executive director Aviessa Khoo argued that fiat on-ramp infrastructure is still good for onboarding Web2 users into Web3.
Despite a shift in volume in fiat on- and off-ramps, they remain the biggest gateway for leading Web2 users into crypto, according to Aviessa Khoo, an executive director at crypto ramp solutions provider Mercuryo.
At the recent Token2049 event in Dubai, Khoo told Cointelegraph that between 2017 and 2022, there were more transaction volumes for their on-ramp solutions as they were coming from centralized exchanges.
The executive explained that, more recently, their crypto volumes have been diverted into noncustodial wallets, which suggests that users are buying and holding on to their assets.
