The Hashgraph Group Launches TransAct for Hassle-Free Hedera Transactions
The Hashgraph Group has launched "TransAct," a wallet and digital asset transaction management service designed for the Hedera blockchain. Key features include:
- Abstracts wallet management, gas fees, and cryptocurrency conversions
- Facilitates enterprise adoption of distributed ledger technology (DLT) with integrated compliance
- Processes both crypto and fiat transactions with automated invoicing in USD
- Clients can execute transactions on the Hedera network without holding HBAR
- Private keys are retained by clients for transaction authorization
Micha Roon, Head of Engineering, noted that organizations maintain control over private keys while ensuring transaction security and regulatory compliance.
Recent developments around Hedera include:
- AUDD stablecoin selected for Australia's Reserve Bank's "Project Acacia"
- HBAR mentioned in a White House cryptocurrency report
- 13% price increase following its listing on Robinhood, positioning it as the 16th largest token by market cap