Transak Collaborates With Phantom To Simplify User Interaction With Digital Assets
In Brief
Transak integrates with Phantom, with the participation of Meld, to simplify the process of interacting with digital assets, paving the way for the adoption of Web3 technologies.
Web3 payments infrastructure provider Transak announced its integration with the non-custodial wallet Phantom. The integration was facilitated by Meld, a global orchestration platform for on-ramp and off-ramp services. By combining their expertise, the three entities seek to simplify the process of interacting with digital assets, paving the way for broader adoption of Web3 technologies.
“We are thrilled to partner with Phantom, combining our innovative payment infrastructure with their exceptional wallet experience,” said Sami Start, CEO of Transak, in a written statement. “This integration underscores our mission to provide financial freedom and empower users worldwide to engage with digital assets effortlessly,” he added.
Phantom has established itself as a leader in the non-custodial wallet market, with millions of users spanning over 100 countries. In November 2024, it achieved notable recognition, ranking among the top applications on the Apple App Store, surpassing popular platforms like Instagram, WhatsApp, and TikTok. Originally developed for Solana, Phantom has since broadened its scope, now supporting Ethereum, Polygon, and Bitcoin, which has advanced its multi-chain adoption.
The integration of Transak with Phantom wallet has already shown a substantial impact. According to a recent update from Transak, transactions involving Solana (SOL) on their platform have increased by 400% within just seven weeks of the integration. This growth highlights the synergy between Phantom’s user-friendly wallet design and Transak’s efficient payment infrastructure, enhancing the experience for users within the Solana ecosystem and beyond.
Transak And Phantom Integration: Key Features
Available to Transak users globally, this integration offers unprecedented convenience and flexibility. UK and EU users can now purchase up to $75,000 per transaction, improving the cryptocurrency acquisition experience for high-value buyers. Meanwhile, users in the US and other international markets benefit from an expanded array of payment methods and increased purchasing limits, further enhancing accessibility to Web3 technologies.
With over 20 local and international payment options, including bank transfers, credit cards, and other widely used methods, this partnership addresses a broad spectrum of user preferences. This ensures a seamless fiat-to-crypto transition, accommodating both seasoned investors and newcomers to the digital asset space.
Transak’s tiered KYC process allows new users to begin with minimal information, such as a name and email address, while maintaining stringent compliance with regulatory standards.
Widely regarded as a preferred wallet among Solana users, Phantom has strengthened its ecosystem leadership through its integration with Transak. In the weeks after the launch, SOL purchases via Transak on the Phantom wallet experienced a fourfold increase, now representing 75% of Transak’s total Solana-related transactions.
This partnership plays a pivotal role in accelerating global crypto adoption, particularly in expanding sectors such as decentralized finance (DeFi), non-fungible tokens (NFTs), and meme-based assets. Whether users are acquiring popular assets like BONK or exploring emerging blockchain trends, Transak and Phantom provide an intuitive experience bolstered by local payment integration and features designed to simplify the process.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
