Transak, a leader in Web3 payments infrastructure, has integrated with Phantom, one of the fastest-growing non-custodial crypto wallets. It is a strategic move that enhances accessibility to digital assets globally. This collaboration is facilitated by Meld which is a global on-ramp and off-ramp orchestration platform. It marks a pivotal step in simplifying the crypto experience for users worldwide.
With this integration, Transak’s seamless payment options now extend to Phantom users. These options offer transaction limits of up to $75,000 in select regions. This integration makes it easier than ever for users to buy and sell cryptocurrencies.
The Global Payment Infrastructure of Transak Drives New Opportunities
The results of Transak’s integration into Phantom Wallet have been transformative. Solana ($SOL) transactions through Transak on Phantom surged by an impressive 400%. This increase was reported in just seven weeks which highlights the strong demand for this partnership. This growth reflects the combined power of Phantom’s user-friendly wallet. It also highlights Transak’s robust payment infrastructure, particularly in the Solana ecosystem.
Transak’s infrastructure offers diverse payment options, including over 20 local and global methods. These methods include bank transfers and credit card payments. This allows users from across the globe, including the UK, EU, and the US, to easily access Web3 services. It also enables users to utilize crypto assets with higher transaction limits, bringing greater flexibility to the crypto market.
Multi-Chain Expansion of Phantom’s Wallet Strengthens Web3 Ecosystem
Phantom’s impressive trajectory in the non-custodial wallet market is undeniable. It has millions of users across more than 100 countries and it has positioned itself as one of the top apps. It has gone ahead of giants like Instagram and TikTok in the Apple App Store rankings. Phantom was Initially designed for Solana and now supports Ethereum, Polygon, and Bitcoin too. This approach of the crypto wallet further enhances its appeal to the global crypto community.
The recent integration with Transak facilitates increased adoption of Solana and reinforces Phantom’s role in the broader Web3 ecosystem. Following this partnership, Solana purchases through Transak on Phantom rose 4x. It represents 75% of Transak’s Solana transaction volume.
Sami Start, the Co-Founder and Chief Executive Officer (CEO) of Transak also shared his remarks on this groundbreaking collaboration, stating,
“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.”
This collaboration allows users to engage with decentralized finance (DeFi), NFTs, and blockchain technologies more easily. With this strategic alliance, Transak and Phantom are setting new standards for accessibility and user experience in the world of cryptocurrencies.
