Prominent Web3 payments infrastructure provider Transak is thrilled to announce that it has integrated with Phantom, one of the cryptocurrency ecosystem’s fastest-growing non-custodial wallets. This collaboration represents a major advancement in the accessibility and use of digital assets for a worldwide audience, made possible by Meld, a global on-ramp and off-ramp orchestration platform.
Phantom’s Stellar Trajectory
With millions of users in more than 100 countries and a ranking among top app position on the Apple App Store in November 2024, Phantom continues to dominate the non-custodial wallet industry. It is ranked ahead of Instagram, WhatsApp, TikTok, and other applications. Phantom was first developed for Solana, but its multi-chain appeal has been fueled by its expansion to support Ethereum, Polygon, and Bitcoin.
Integration Fueling Rapid Development
Transak’s integration with Phantom Wallet has had an instantaneous and revolutionary effect. According to a recent tweet from Transak, the attractiveness of this cooperation is evident from the 400% increase in Solana (SOL) transactions on Transak in only seven weeks. This impressive expansion highlights how valuable Phantom’s usability and Transak’s efficient payment mechanism are to users both within and outside of the Solana ecosystem.
Key Features of the Integration
- High Transaction Limits Globally
Globally accessible to Transak users everywhere, this integration offers unmatched adaptability.
- Users in the UK and EU may buy up to $75,000 in a single transaction, which greatly improves their cryptocurrency purchasing experience.
- Web3 is now more accessible than ever thanks to higher purchase limits and additional payment alternatives for users in the US and other countries.
- A Variety of Payment Options
This cooperation accommodates a broad variety of user preferences by offering more than 20 local and international payment choices, such as bank transfers, credit cards, and other well-known methods, guaranteeing a seamless fiat-to-crypto transaction.
- User-Friendly Onboarding
While upholding strict compliance requirements, Transak’s multi-level KYC procedure allows new customers to begin with only a name and email.
The Solana Ecosystem and Phantom
Phantom is a popular wallet among Solana users, and its dominance in the ecosystem is further strengthened by its integration with Transak. SOL purchases made via Transak on Phantom increased fourfold in the weeks after the introduction, making up 75% of Transak’s Solana volume.
Facilitating Worldwide Web3 Access
This partnership makes it easier for people all across the world to embrace cryptocurrencies, particularly in developing areas like DeFi, NFTs, and meme coins. With local payment options and user-friendly features, Transak and Phantom guarantee smooth access whether buying assets like BONK or taking part in the newest blockchain developments.
Sami Start, CEO of Transak stated:
With more than 8 million customers in 160 countries, Transak is the biggest and most compliant Web3 payments infrastructure provider in the world. With its API-driven fiat-crypto on/off-ramp, NFT checkout, and other solutions that streamline KYC, compliance, payment methods, and customer support, it enables more than 350 platforms and makes it easier to buy and sell digital assets.
Transak, which was established in Delaware and has its headquarters in Miami, the United States, has offices in London, Milan, Dubai, and Hong Kong in addition to a tech hub in Bengaluru.
Visit transak.com or follow us on x.com/transak and linkedin.com/company/transak for further information.
