Transak to Support Unichain for Easy On and Off-ramping

February 12, 2025

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Transak to Support Unichain for Easy On and Off-ramping

Transak has introduced its help for Unichain, a Layer 2 blockchain scaling resolution developed by Uniswap Labs. As one of many first fiat on-ramps on Unichain, Transak’s integration goals to decrease entry limitations for customers. They may be capable to purchase digital property utilizing conventional currencies.

The collaboration was formally unveiled on the Synthetic Intelligence Motion Summit in Paris. And now by leveraging Transak’s strong fee infrastructure, Unichain customers can now take pleasure in a frictionless expertise when changing fiat into crypto property.

Yeshu Agarwal, Co-founder & CTO of Transak, mentioned, “We consider that innovation lies on the intersection of accessibility and expertise. Unichain’s imaginative and prescient to be a excessive efficiency rollup that scales Ethereum and powers DeFi enhances our mission at Transak to make decentralized finance accessible to everybody.”

Unichain addresses long-standing DeFi challenges similar to excessive transaction charges, gradual processing speeds, and liquidity fragmentation. As a superchain constructed on Ethereum, Unichain reduces transaction prices by as much as 95% in comparison with Ethereum Layer 1 and achieves one-second block instances, with future enhancements focusing on speeds as quick as 200-250 milliseconds.

Transak’s integration enhances Unichain’s accessibility by offering a safe and user-friendly onboarding course of. Working in over 160 nations, Transak helps a number of localized fee strategies, together with Google Pay, Apple Pay, bank cards, and financial institution transfers. With compliance measures similar to SOC2 Type2 and ISO/IEC 27001 certifications, Transak ensures a safe monetary ecosystem for customers.

With Transak’s fiat-to-crypto gateway, Unichain customers can:

Immediately purchase crypto property like UNI and ETH immediately on Unichain.
Full multi-level KYC processes in beneath 30 seconds for fast DeFi participation.
Seamlessly convert Unichain-based property again to fiat foreign money.

Mark Toda, Head of Protocols at Uniswap Labs, mentioned, “Transak’s infrastructure helps Unichain’s capabilities by offering a seamless fiat-to-crypto expertise. This collaboration contributes to advancing the purpose of a extra inclusive and accessible DeFi business.”

Since early 2024, Transak has been built-in into the Uniswap Pockets, enabling customers to onboard into DeFi via acquainted fee strategies. This partnership has already empowered customers worldwide to buy crypto property immediately throughout the Uniswap Pockets. The newest collaboration additional cements Transak’s function as a key enabler in Unichain’s ecosystem, guaranteeing a extra inclusive and environment friendly DeFi panorama.