Trust Wallet just removed one of crypto’s biggest barriers. And it did it with cash.
The self-custody wallet announced the launch of Cash Deposits in the United States, allowing users to convert physical cash into digital assets directly inside their wallet.
No bank account require. No debit card. No custodial balance.
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How cash deposits work
The mechanics are simple. Users load cash at over 15,000 retail locations nationwide.
The cash is converted to stablecoins or other digital assets. The assets appear directly in the user’s self-custodial wallet.
The partnership with Coinme, a leading crypto infrastructure platform, makes this possible. Coinme’s retail network provides the on-ramp. Trust Wallet provides the destination.
Significance for financial inclusion
The significance is hard to overstate. Millions of people in the US earn and live on cash. They don’t have bank accounts.
Or they don’t trust them. For these users, the traditional crypto on-ramps – exchanges, bank transfers, debit cards – simply don’t work.
Trust Wallet’s solution meets these users where they are. If you have cash, you can now enter the digital economy.
No intermediaries holding your funds. No reliance on traditional banks.
Self-custody remains key
The self-custody aspect is equally important. Users maintain control of their assets.
There’s no custodial risk. No counterparty to trust. The cash goes in, crypto comes out, and the user holds the keys.
This is financial inclusion in action. It’s crypto delivering on one of its original promises: access to digital finance for everyone, regardless of their relationship with traditional banking.
A model for the industry
For the broader crypto industry, this is a model to watch.
If Cash Deposits succeeds, other wallets will likely follow. Cash-to-crypto could become a standard feature.
Trust Wallet’s move is a reminder that crypto adoption isn’t just about better technology. It’s about better access.
And sometimes, the best access is the simplest one: cash.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: February 21, 2026 • 🕓 Last updated: February 21, 2026
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