Miami, Florida, December 5th, 2024, Chainwire
Transak, a prominent Web3 payments infrastructure provider, has recently announced its collaboration with Phantom, a rapidly growing non-custodial wallet in the crypto industry. This partnership, facilitated by Meld, a global on-ramp and off-ramp orchestration platform, signifies a significant advancement in enhancing the accessibility and user-friendliness of digital assets for a global audience.
Phantom’s Remarkable Growth Trajectory
Phantom has established itself as a dominant player in the non-custodial wallet market, with millions of users spanning across 100+ countries. In a notable achievement, Phantom surpassed popular apps like Instagram, WhatsApp, and TikTok on the Apple App Store rankings in November 2024. Initially designed for Solana, Phantom has expanded its support to include Ethereum, Polygon, and Bitcoin, broadening its multi-chain adoption.
Integration Driving Explosive Growth
The integration of Transak with Phantom Wallet has yielded immediate and transformative results. According to a recent tweet by Transak, Solana (SOL) transactions on the platform have surged by an impressive 400% within just seven weeks post-integration. This surge underscores the immense popularity and value of this partnership, highlighting the synergy between Phantom’s user-friendly interface and Transak’s efficient payment infrastructure for users within the Solana ecosystem and beyond.
Key Features of the Integration
1. High Transaction Limits Globally: Users worldwide can now enjoy increased flexibility with the ability to purchase up to $75,000 per transaction. This enhanced limit significantly improves the crypto buying experience for UK, EU, US, and other global users.
2. Diverse Payment Methods: With over 20 local and global payment options, including bank transfers, credit cards, and other popular methods, the partnership caters to a wide range of user preferences, ensuring a seamless fiat-to-crypto experience.
3. User-Friendly Onboarding: Transak’s multi-level KYC process allows new users to start with minimal information while maintaining robust compliance standards, streamlining the onboarding process.
Phantom and the Solana Ecosystem
Phantom’s integration with Transak further solidifies its position as a favorite wallet among Solana users. Following the launch, SOL purchases through Transak on Phantom witnessed a significant 4x surge, constituting 75% of Transak’s Solana volume.
Empowering Global Web3 Access
The collaboration between Transak and Phantom simplifies crypto adoption for users worldwide, particularly in emerging markets like DeFi, NFTs, and meme coins. Whether users are purchasing assets like BONK or participating in the latest blockchain trends, Transak and Phantom ensure seamless access with local payment methods and intuitive features.
“We are thrilled to partner with Phantom, combining our innovative payment infrastructure with their exceptional wallet experience. This integration underscores our mission to provide financial freedom and empower users worldwide to engage with digital assets effortlessly,” said Sami Start, CEO of Transak.
About Transak
Transak is the world’s largest and most compliant Web3 payments infrastructure provider, catering to over 8 million users across 160 countries. With a focus on simplifying the purchase and sale of digital assets, Transak offers API-driven fiat-crypto on/off-ramp solutions, NFT checkout services, and other tools to streamline KYC, compliance, payment methods, and customer support. Headquartered in Miami, US, with a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.
For more information, visit transak.com or follow us on x.com/transak and linkedin.com/company/transak
Contact:
Harshit Gangwar
Harshit.gangwar@transak.com
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