transak

Gobi Partners announced an investment in Transak. Founded in 2019, Transak provides fiat and digital asset exchange capabilities through a single API for financial institutions, unifying KYC, AML, risk monitoring, and local payment integration.This investment aims to support Transak in expanding into the Asian market. Transak has established its Asia-Pacific headquarters in Hong Kong and plans to deepen integration with payment networks and banking partners in the ASEAN region.

According to Cointelegraph, Transak has obtained money transmission licenses (MTL) in Iowa, Kansas, Michigan, South Carolina, Vermont, and Pennsylvania, bringing its total number of state licenses in the U.S. to 11. These licenses allow the company to legally process stablecoin transactions, transfer funds, and directly convert fiat to cryptocurrency with users.Transak currently has 19 state license applications pending approval and plans to achieve coverage in all 50 states within the next 12 to 18 months. The company has also recently enabled wire transfer functionality and plans to launch ACH payments to improve the efficiency of bank transfers for U.S. users.

ChainCatcher news, according to CoinDesk, Web3 payment infrastructure company Transak announced the completion of a new funding round of $16 million, led by IDG Capital and Tether, with participation from Primal Capital, 1kx, Protein Capital, and Fuel Ventures.Transak plans to use the funds to expand its stablecoin payment stack and enter new markets.

ChainCatcher news, according to Decrypt, global fiat on-ramp and off-ramp service provider Transak has obtained Digital Currency Exchange (DCE) registration from the Australian Transaction Reports and Analysis Centre (AUSTRAC), allowing it to operate as a fully compliant exchange in Australia.

ChainCatcher news, according to Cointelegraph, MetaMask is partnering with payment provider Transak to expand its fiat deposit and withdrawal services, adding support for 10 networks: Arbitrum mainnet, Avalanche C-Chain mainnet, Base, BNB Chain, Celo, Fantom, Moonbeam, Moonriver, Optimism, and Polygon.

ChainCatcher news, according to Cointelegraph, the renowned car manufacturer Lamborghini will collaborate with the crypto payment provider Transak to mint its upcoming NFT, which is part of the car manufacturer's Fast ForWorld collaboration with Web3 games and Animoca Brands.The NFT will allow users to drive digital Lamborghinis in various games developed by Motorverse.

ChainCatcher news, the Web3 payment platform Transak has registered as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and in the United States, it has obtained a Money Transmitter License (MTL) in Delaware.The FINTRAC registration recognizes Transak Canada as an MSB, requiring the company to comply with strict Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) standards.In the United States, Transak USA LLC has obtained its second state-level MTL, this time in Delaware, after the company received its first license in Alabama in September. The Delaware license allows Transak to offer regulated crypto services to residents and businesses in the state, including the purchase and transfer of digital assets.

ChainCatcher news, according to on-chain detective ZachXBT disclosed on his personal channel, the crypto payment service provider Transak has recently suffered a ransomware attack.Transak stated in a blog post earlier today that the incident is limited to the names and basic identity information of a small number of users, while the ransomware group claims it also includes personal identifiable information (PII) and more user data.According to Transak's website, it has been integrated with Metamask, Trust Wallet, Coinbase, Ledger, and others for fiat and cryptocurrency on-ramps and off-ramps.

ChainCatcher news, Web3 payment infrastructure provider Transak has announced the introduction of wire transfer functionality for crypto users in the United States, allowing them to fund their digital asset accounts.Transak co-founder and CEO Sami Start stated that providing a familiar and secure payment method, such as wire transfers, can facilitate the adoption of cryptocurrencies and make them easier to be accepted by the mainstream.

ChainCatcher news, according to The Block, Uniswap Wallet announced the introduction of Transak to provide fiat access services, allowing users to purchase cryptocurrencies directly with fiat in their wallets without the need to transfer funds from centralized exchanges.

ChainCatcher news, according to The Block, Web3 payment infrastructure Transak has launched a fiat-to-crypto channel for PayPal USD, aimed at popularizing digital asset payments.Fiat currency can now be used to purchase PYUSD on its platform, using the SEPA transfer system or mobile payment applications like Google and Apple Pay.

ChainCatcher news, January 30 news, according to CoinDesk, Web3 payment infrastructure provider Transak announced its partnership with Visa Direct to simplify the conversion of cryptocurrency to fiat currency. This deal allows Web3 payment infrastructure providers to enable users in over 145 countries to easily convert cryptocurrency into local currency.

ChainCatcher news, according to Cointelegraph, the Web3 gaming company Immutable will integrate Transak as the sole payment service provider for its Immutable Zero-Knowledge Ethereum Virtual Machine (zkEVM). This service will directly support fiat and Web3 payments within the gaming environment. The initial integration of Transak will appear in its flagship Web3 games "Guild of Guardians," "Gods Unchained," and "Cross The Ages."Transak's services will be integrated into Immutable Checkout and Immutable Passport. The former is an integrated transaction infrastructure provided by Immutable for games, offering game developers a configurable interface to integrate various payment options. Transak's on-ramp, off-ramp, and non-fungible token (NFT) payment services allow for fiat payments via credit cards, debit cards, as well as Apple Pay and Google Pay.

ChainCatcher news, Web3 startup, fiat aggregator Transak has completed a $20 million Series A funding round, led by CE Innovation Capital, with participation from SBI Ven Capital, Sygnum, Azimut, and Third Kind Venture Capital.According to the crypto data platform RootData, Transak previously completed a $660,000 seed funding round on March 16, 2021, with participation from IOSG and others. Transak allows users to trade over 160 cryptocurrencies in any app, website, or Web3 plugin, and offers flexible SDKs and white-label APIs. (Source link)

ChainCatcher news, SushiSwap integrates Transak for fiat-to-crypto purchases, allowing users to buy over 130 cryptocurrencies directly on SushiSwap through Transak. (Source link)

ChainCatcher news, Osmosis has integrated with the fiat aggregator Transak, allowing users to purchase OSMO tokens directly on the Osmosis website using Visa, Apple Pay, or Google Pay. (source link)