We are delighted to share that Transak will be supporting Unichain, a Layer 2 blockchain scaling solution designed for DeFi, powered by Uniswap Labs.
Products made by the Uniswap Labs team have played a significant role in expanding the cryptocurrency market globally. However, an intuitive gateway into web3, more specifically Unichain, is extremely important for the uninitiated.
As one of the first fiat on-ramps to launch on Unichain, Transak will enable users to purchase digital assets seamlessly using fiat currencies, eliminating key barriers to its adoption. This enablement combines Transak’s robust payment infrastructure with Unichain’s innovations to create a transformative user experience.
“We believe that innovation lies at the intersection of accessibility and technology. Unichain’s vision to be a high performance rollup that scales Ethereum and powers DeFi complements our mission at Transak to make decentralized finance accessible to everyone,” said Yeshu Agarwal, Co-founder & CTO of Transak.
Unichain addresses persistent issues in DeFi such as high transaction fees, slow processing speeds, and liquidity fragmentation. Built on Ethereum as a superchain, Unichain significantly reduces costs (up to 95% lower than Ethereum Layer 1) and achieves one-second block times, with plans to introduce sub-blocks as fast as 200-250 milliseconds. These advancements make Unichain a hub for DeFi innovation, enabling faster, more affordable, and scalable blockchain interactions.
Transak’s integration will amplify Unichain’s benefits for the users by providing a smooth and secure onboarding experience for users of all levels, from seasoned crypto traders to those taking their first steps into the world of decentralized finance.
Operating in over 160 countries, Transak offers support for multiple localized payment methods, including Google Pay, Apple Pay, credit cards, and bank transfers. Our compliance with global financial regulations and security certifications like SOC2 Type2, ISO/IEC 27001, ensures that users’ funds and data are safe.
With Transak’s on-ramp, Unichain users can:
- Buy crypto on Unichain instantly: Convert fiat into cryptocurrencies like UNI, ETH, and others directly on Unichain, without the need for intermediary steps.
- Experience unmatched speed: With multi-level KYC, users can participate in DeFi by acquiring tokens in as quick as 30 seconds.
- Sell Crypto on Unichain instantly: Convert assets on Unichain to fiat.
“Transak’s infrastructure supports Unichain’s capabilities by providing a seamless fiat-to-crypto experience. This collaboration contributes to advancing the goal of a more inclusive and accessible DeFi industry,” said Mark Toda, head of protocols, Uniswap Labs.
Since early 2024, Transak has been live on the Uniswap Wallet, providing users with an intuitive and seamless way to onboard into DeFi. This collaboration has already empowered countless users globally to buy crypto assets directly within the Uniswap Wallet using familiar payment rails like credit cards, Apple Pay, and Google Pay. Transak’s role as one of the first fiat on-ramps for Unichain builds on this proven success.
About Transak
Transak is the world’s most compliant and largest Web3 payments infrastructure provider, serving over 8 million users across 160 countries. It powers 350+ platforms, facilitating the purchase and sale of digital assets with its API-driven fiat-crypto on/off-ramp, NFT checkout, and other solutions that simplify KYC, compliance, payment methods, and customer support.
Headquartered in Miami, US, and incorporated in Delaware, Transak has a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.
For more information, visit https://transak.com/ or follow us on x.com/transak and linkedin.com/company/transak
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