Transak Fiat OnRamp has Extended Support to Projects Building on Elrond Network; ZoidPay first dApp integrated
MIAMI, FL, JUNE 27, 2022 - Transak, a single integration for applications to accept fiat-to-crypto deposits from a global user base, announces that it has extended support to projects building on the Elrond Network via Maiar. In addition to blockchain support, the Transak platform has already listed ZoidPay and is proactively working on adding more Elrond supported assets like Bhat and Itheum. Transak now has over 100 partners within its ecosystem providing API-driven fiat payment methods to on-ramp to 100+ crypto assets and abstracting away the complexity of user KYC, risk monitoring & compliance, payment methods and customer support.
Elrond is known to be a highly scalable, fast and secure blockchain platform built for internet scale. Through Maiar, a digital wallet powered by the Elrond network, users can create their account with just a phone number. Maiar offers a digital identity layer that starts with a service mapping the phone number to a wallet address while preserving privacy and allowing users to send money to friends and family via their address book.
ZoidPay, the asset currently listed, is a crypto liquidity platform enabling instant card issuance for purchases at any merchant & driving adoption to Web 3.0 financial services. As such, our liquidity solutions extend to three broad categories:
- For Retail: Shop anything from anywhere with crypto, wherever VISA, MasterCard, JCB and UnionPay are accepted
- For Developers: Build web 3.0 financial services on top of instant, interoperable cross-chain liquidity with our API’s and SDK’s. Monetize your products in the ZoidPay App Marketplace
- For Blockchains, Exchanges & Wallets: Enabling blockchains, crypto exchanges, wallets and other platforms to integrate crypto liquidity with just one-line of code
ZoidPay’s mission is to be the go-to open architecture for building the next generation of Web 3.0 financial services on top of the Internet Scale Blockchain, Elrond Network.
Through this integration with Transak, users can now buy ZoidPay's native ZPAY token directly through the Transak crypto onramp widget. Available in 125+ countries, Transak is a registered crypto-asset firm with the UK Financial Conduct Authority under the Money Laundering, Terrorist Financing and Transfer of Funds. Transak also brings the efficiency of letting users pay by ApplePay, Debit/Credit cards, and Sepa/Bank transfers.
"Transak has an amazing platform and team. They've been very focused and clear in what they are out to achieve and have worked successfully in that direction to grow to their current stature,” said Eduard Oneci, CEO and Co-founder at ZoidPay. “Their mission to reduce barriers to financial services in a way echoes what we at ZoidPay are doing - making crypto payments easy for everyone, and driving adoption to web 3.0 financial services. It's exciting to partner with them and offer users the option to buy ZPAY through FIAT globally through the Transak crypto onramp widget.”
“The Transak team is delighted to be building a stronger relationship with Elrond, Maiar and ZoidPay. This combination of platforms creates an intuitive and easy approach to participating within the web3 community,” said Sami Start, CEO and Co-Founder, Transak, “ This integration is monumental for us and we are so honored to be the on-ramp of choice.”
Transak is a single integration for applications to enable fiat-to-crypto on-ramp from a global user base. It does so by providing API-driven fiat payment methods to on-ramp to 100+ crypto assets and abstracting away the complexity of user KYC, risk monitoring & compliance, payment methods and customer support. Transak’s widget can be integrated into an app in just a few lines of code. Transak is backed by top VCs, including Consensys and graduated from the Tachyon accelerator program. Connect with Transak on Twitter or LinkedIn, or visit https://transak.com/ for more information.