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Transak has announced its enactment for Unichain, a Layer 2 blockchain scaling solution developed by Uniswap Labs. As 1 of the archetypal fiat on-ramps connected Unichain, Transak’s integration aims to little introduction barriers for users. They volition beryllium capable to bargain integer assets utilizing accepted currencies.
The collaboration was officially unveiled astatine the Artificial Intelligence Action Summit successful Paris. And present by leveraging Transak’s robust outgo infrastructure, Unichain users tin present bask a frictionless acquisition erstwhile converting fiat into crypto assets.
Yeshu Agarwal, Co-founder & CTO of Transak, said, “We judge that innovation lies astatine the intersection of accessibility and technology. Unichain’s imaginativeness to beryllium a precocious show rollup that scales Ethereum and powers DeFi complements our ngo astatine Transak to marque decentralized concern accessible to everyone.”
Unichain addresses long-standing DeFi challenges specified arsenic precocious transaction fees, dilatory processing speeds, and liquidity fragmentation. As a superchain built connected Ethereum, Unichain reduces transaction costs by up to 95% compared to Ethereum Layer 1 and achieves one-second artifact times, with aboriginal enhancements targeting speeds arsenic accelerated arsenic 200-250 milliseconds.
Transak’s integration enhances Unichain’s accessibility by providing a unafraid and user-friendly onboarding process. Operating successful implicit 160 countries, Transak supports aggregate localized outgo methods, including Google Pay, Apple Pay, recognition cards, and slope transfers. With compliance measures specified arsenic SOC2 Type2 and ISO/IEC 27001 certifications, Transak ensures a unafraid fiscal ecosystem for users.
With Transak’s fiat-to-crypto gateway, Unichain users can:
- Instantly bargain crypto assets similar UNI and ETH straight connected Unichain.
- Complete multi-level KYC processes successful nether 30 seconds for speedy DeFi participation.
- Seamlessly person Unichain-based assets backmost to fiat currency.
Mark Toda, Head of Protocols astatine Uniswap Labs, said, “Transak’s infrastructure supports Unichain’s capabilities by providing a seamless fiat-to-crypto experience. This collaboration contributes to advancing the extremity of a much inclusive and accessible DeFi industry.”
Since aboriginal 2024, Transak has been integrated into the Uniswap Wallet, enabling users to onboard into DeFi done acquainted outgo methods. This concern has already empowered users worldwide to acquisition crypto assets straight wrong the Uniswap Wallet. The latest collaboration further cements Transak’s relation arsenic a cardinal enabler successful Unichain’s ecosystem, ensuring a much inclusive and businesslike DeFi landscape.
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