Press Releases

Transak Grows Its Volume by 50% And Doubles User Base in 2022, Despite Crypto Winter

Miami, USA, 11 January 2023: Despite the crypto winter, Transak has had its best year ever in 2022, with a 50% increase in transactional volume and a doubling of its user base. Transak has become the No.1 on-ramp with 28+ payment methods being offered and is now used by over 350 web3 applications. It now enables fiat to crypto purchases in 150+ countries and supports onboarding to 75+ blockchains. In addition to this impressive growth and development, Transak has acquired major regulatory registrations including the FCA in the UK and VASP in the EU.

In 2022, Transak not only optimized its on-ramp product but also built solutions to ease onboarding to web3. It launched its off-ramp services in Europe and the UK for 40+ cryptocurrencies and will soon launch crypto-to-fiat services for the US. It also launched Transak One, a first-of-its-kind solution enabling fiat-to-NFT/smart contract purchases, in beta. This product will remove many existing barriers to web3 onboarding and make it mainstream-ready.

Transak continued its rapid global expansion, launching its On-Ramping services in major developing economies like the Philippines, Thailand, India, and across Latin America. Customers in these regions are supported through multiple local payment methods which makes crypto purchases easy as the fintech environment continues to evolve there. Transak is now the trusted onboarding partner of many of the leading web3 platforms, across Defi, Gaming, DEX/CEX, NFTs, and many other dApps. Already integrated on platforms like MetaMask, Trust Wallet, Coinbase, AAVE, Sushi, Splinterlands Decentraland, it’s now also doing deeper aggregation with infrastructure companies like Biconomy and Juno to reduce friction and ease onboarding to web3.

To support this growth, Transak has sustainably scaled its team to around 80 people, with a technology hub established in Bangalore, India.

Looking ahead to 2023, Transak plans to scale its services even further, adding more local payment methods in the USA, Europe, APAC and Africa, and making the Transak One solution available across multiple blockchains. The company also aims to ease onboarding to web3 games. Overall, Transak has had a successful year in 2022 and is well-positioned for continued growth in the coming year.

About Transak

Related Post

Transak is a leading Web3 onboarding infrastructure provider. Its API-driven solutions enable web3 platforms to onboard users to 130+ crypto assets from 150+ countries, abstracting away the complexity of user KYC, risk monitoring & compliance, payment methods and customer support. Transak’s On/Off-Ramp widget can be integrated into an app in just a few lines of code. Transak is backed by top VCs, including Consensys, Animoca Brands and graduated from the Tachyon accelerator program.

https://transak.com

For further media queries, please contact:

Harshit Gangwar

pr@transak.com

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects.

Null Transaction PR

Null Transaction PR is a cryptocurrency marketing group responsible for article distribution across a myriad of news sites. If you're looking to advertise with us, contact us by email at contact@nulltransaction.com or visit our website.

Share
Published by
Null Transaction PR

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

2 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

2 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

3 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

3 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

7 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

8 hours ago