Coinspeaker
5 December 2024
3 1

Transak Partners with Phantom Wallet to Enhance Crypto Payment Options

Transak, a leading Web3 payment infrastructure provider with over 8 million global users across more than 350 DeFi protocols, has partnered with multi-chain non-custodial wallet Phantom. This collaboration aims to enhance crypto payment options for Phantom users.

Sami Start, CEO of Transak, stated that the partnership combines innovative payment infrastructure with an exceptional wallet experience, reinforcing their mission to provide financial freedom and facilitate engagement with digital assets globally.

Transak has established itself as a reliable platform compliant with global regulatory standards, particularly anti-money laundering (AML) laws. Headquartered in Miami, US, and incorporated in Delaware, it has a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.

The Phantom wallet has gained recognition as a premier non-custodial wallet, boasting over 7 million global users across various chains. It is supported by prominent Web3 investors, including a16z, Jump Capital, and Variant.

Key Features of the Phantom’s Integration with Transak

A significant feature of the partnership is the introduction of a high transaction limit for global users. UK and EU customers using Transak on Phantom Wallet will have a transaction limit of up to $75K per single transaction.

Additionally, Phantom wallet users in the United States and worldwide will benefit from expanded payment options and increased purchase limits. This integration is expected to boost liquidity in the Web3 ecosystem amid the growing adoption of digital assets and blockchain technology.

Phantom users will gain access to various fiat-to-crypto payment options, including bank transfers and credit card payments, facilitating global transactions.

As a regulatory-compliant Web3 infrastructure provider, Transak allows users to conduct seamless transactions with minimal KYC requirements, necessitating only a name and email.

The collaboration has significantly bolstered the Transak network. Phantom Wallet is particularly popular among Solana (SOL) network users, with SOL purchases through Transak on Phantom increasing fourfold, accounting for 75 percent of Transak’s Solana volume.