- Transak’s connection with Phantom increases SOL transactions by 400%.
- Users enjoy increased transaction limits and more ways to pay worldwide.
As a seasoned analyst who’s witnessed the rise and fall of numerous tech ventures, I must say that this partnership between Transak and Phantom is nothing short of remarkable. It’s like watching a rocket take off, propelled by the collective force of innovation and user demand.
Transak, a leading provider of Web3 payment infrastructure, has struck a deal with Phantom, one of the rapidly expanding cryptocurrency wallets. This partnership is another significant step in making digital assets accessible to a wide audience through Meld, the global on-ramping and off-ramping orchestrator.
Phantom, serving over 100 countries and boasting millions of users, consistently rises in the non-custodial wallet market. In November 2024, it was ranked among the top apps on the Apple App Store. Beyond its Solana foundation, Phantom now supports Ethereum, Polygon, and Bitcoin. Its partnership with Transak moves Web3 a step further, fueling the rapid expansion of this popular wallet.
Phantom Strengthening Position in Solana Ecosystem
Transak has experienced a remarkable 400% increase in SOL transactions since the last seven weeks, following the integration. This surge suggests a harmonious partnership between Phantom’s seamless access and Transak’s uninterrupted payment process.
A key advantage of this collaboration is the significantly increased transaction limits, enabling users from the UK and EU to purchase up to $75,000 worth of cryptocurrency in a single transaction. This expansion makes crypto trading accessible for all. Additionally, Transak offers over 20 diverse payment options, including bank transfers and credit cards, enhancing flexibility within fiat-to-crypto transactions.
For new users, Transak’s streamlined onboarding process makes it easy to start trading with just a name and email, all while maintaining compliance with KYC regulations.
As a researcher, I’m excited to say that this integration strengthens Phantom’s role within the Solana ecosystem. This collaboration broadens the scope of web3 services, encompassing Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and meme coins. Now, users worldwide can participate in the cutting-edge development of blockchain technology, either by acquiring assets or immersing themselves in digital economies.
According to Sami Start, CEO of Transak, we’re excited about our partnership with Phantom. By integrating robust payment systems with exceptional wallet experiences, we aim to empower users worldwide, providing them with financial freedom.
Collaborating with Phantom, we aim to simplify access to Web3 for our 8 million customers across 160 countries, thereby fostering broader digital asset interaction.
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2024-12-09 21:03