Trust Wallet now lets users convert cash to crypto at more than 15,000 retail locations nationwide, powered by Coinme. Coinme, which is being acquired by Polygon Labs, operates under money transmitter licenses across 48 U.S. states and supports more than one million users. Its infrastructure connects physical cash, debit rails, and digital assets under established regulatory frameworks. Coinme is joining Polygon Labs, subject to regulatory approval, as a core part of the Open Money Stack, which brings regulated fiat access to a vertically integrated stack, alongside wallet infrastructure and onchain settlement.
Trust Wallet Cash Deposit fills that gap with Coinme, enabling easy access to digital assets. Users can walk into a nearby supported retail location, deposit physical cash, and receive digital assets directly into their self-custody wallet. Access funds within minutes, with no bank account required, no custodial balance held on their behalf, and no multi-day settlement. That combination of speed, retail access, and self-custody at national scale has not previously existed inside a mainstream wallet.
From an infrastructure perspective, this is a meaningful distribution milestone for the Open Money Stack. Coinme provides the licensed fiat boundary, and Trust Wallet provides the user distribution. Together, they turn everyday retail stores into compliant onramps to digital assets. It reaches cash earners, underbanked individuals, gig workers, cross-border senders, and communities relying on physical currencies.
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