Trust Wallet, the world’s leading self-custodial Web3 wallet with over 220 million users, today announced the launch of Cash Deposit in the United States. This is a new feature that allows users to load physical cash and convert it into digital assets directly within Trust Wallet, without the need for a bank account, debit card, or custodial balance.
Powered by Coinme, a leading enterprise crypto infrastructure platform, Cash Deposit allows users to load cash into their digital wallets at over 15,000 retail stores nationwide and receive stablecoins and other digital assets (BTC, SOL, etc.) directly into their self-custodial wallets.
With this release, Trust Wallet removes one of the biggest barriers to participation in the digital economy: access to traditional banking.
“Millions of people in the U.S. earn and live in cash, but most digital financial tools still assume everyone has a bank account or card,” said Felix Huang, CEO of Trust Wallet.
“Cash Deposit aims to meet these users where they are. If you have cash, it gives you a quick and direct way to turn it into a digital asset that you have full control over. There is no need for an intermediary to hold your funds, and there is no need to rely on traditional banks.”
Across the country, millions of people are paid fully or partially in cash, including gig workers, hospitality workers, and individuals in cash-intensive local economies. For many people, opening and maintaining a bank account is difficult, cards may not be accepted, and existing cash services can be time-consuming, expensive, or require you to relinquish control of your funds.
Cash deposits remove those barriers. Trust Wallet allows users to load and convert cash into digital assets that can be received directly into self-custodial wallets they manage, enabling faster payments, easier transfers, and broader access to decentralized digital finance.
Unlike traditional cash services that rely on banks, cards, or custodial accounts, cash deposits enable a direct path from physical cash to a user’s self-custodial wallet. Through Coinme’s nationwide retail network, cash is converted into digital assets and delivered directly to users’ trust wallets, without any intermediaries holding the funds after the transaction is completed.
Supported retail locations will be displayed in the Trust Wallet app before users get started, allowing them to see nearby deposit options available through Coinme’s retail network.
“At Coinme, we have always been focused on building a compliant, nationwide infrastructure that bridges physical cash and digital assets,” said Neil Bergquist, CEO and co-founder of Coinme.
“By enhancing Trust Wallet’s cash deposit capabilities, we are enabling its infrastructure to work seamlessly within a state-of-the-art self-custody experience, making it easy for users to transition from cash to crypto at scale.”
Funds typically arrive within minutes instead of days, allowing users to quickly access their funds while maintaining full control of their assets. This feature is available in 48 US states*, enabling cash-to-digital experiences that were previously fragmented or inaccessible nationwide.
By combining Coinme’s established cash on-ramp infrastructure with Trust Wallet’s self-custody wallet, this partnership will deliver one of the first mainstream national cash-to-stablecoin experiences within a single app, making digital finance more practical and accessible to everyday users.
*Cash-on-ramp is currently available in the United States and Puerto Rico, excluding New York and Vermont. Stablecoin purchases are available in supported states except Texas.
About Trust Wallet
Trust Wallet is a secure, self-custodial Web3 wallet and gateway for those who want to fully own, control, and harness the power of their digital assets. Trust Wallet makes it easy for millions of people around the world, from beginners to experienced users, to experience Web3, securely access dApps, store and manage cryptocurrencies and NFTs, and buy, sell, and stake cryptocurrencies to earn rewards, all in one place with no restrictions.
About Coinme Crypto-as-a-Service
Founded in 2014, Coinme is a leading licensed and regulated provider of enterprise stablecoins and cryptocurrency payment platforms. Coinme enables a completely native and seamless stablecoin and cryptocurrency payment experience within our partners’ web or mobile apps. By integrating with Coinme’s simple suite of APIs, SDKs, and widgets, partners can quickly deploy cryptocurrency and stablecoin products and services natively while leveraging Coinme’s robust exchange and compliance infrastructure. For more information, please visit https://coinme.com.
