Trust Wallet Launches Cash Deposits, Enabling Users to Convert Physical Cash Into Crypto

Trust Wallet, a leading self-custody Web3 wallet with over 220 million users, has launched Cash Deposits in the United States. This new feature, powered by Coinme, allows users to load physical cash and convert it directly into digital assets like stablecoins and BTC within their self-custodial wallet at over 15,000 retail locations nationwide, bypassing the need for a bank account or debit card. Trust Wallet CEO Felix Fan stated the goal is to serve the millions of Americans who earn in cash by providing a fast, direct way to access digital finance. The process leverages Coinme's compliant infrastructure, enabling cash to be converted and delivered to the user's wallet, often within minutes, offering faster payments and remittances. The feature is available across 48 U.S. states and Puerto Rico, excluding New York and Vermont, though stablecoin purchases are restricted in Texas.

(Source：BeInCrypto)