- Transak’s connection with Phantom increases SOL transactions by 400%.
- Users enjoy increased transaction limits and more ways to pay worldwide.
Transak, one of the top providers of Web3 payment infrastructure, has formed an agreement with Phantom, one of the fastest growing wallets in the cryptocurrency space.The merger is another giant leap towards bringing digitized assets to a mass audience using Meld-the orchestrator in on-ramping and off-ramping globally.
Phantom, with more than 100 different nations and millions of customers, continues to surge to the top of the non-custodial wallet market. Ranked as one of the top apps in the Apple App Store in November 2024, Phantom’s users have grown beyond its Solana roots to support Ethereum, Polygon, and Bitcoin. This collaboration with Transak brings Web3 one step closer and is continuously contributing to the explosive growth of the wallet.
Phantom Strengthening Position in Solana Ecosystem
Transak has found an astonishing 400% jump in SOL transactions since the seven weeks marked the integration. This upswing reflects the perfect synergy between Phantom’s access and flawless payment flow coming through Transak.
One of the unique features of this partnership is the very high transaction limits, which can now allow users from the UK and the EU to buy up to $75,000 in one transaction, making crypto accessible to all. Moreover, Transak provides more than 20 local and international payment methods, such as bank transfers and credit cards, increasing the flexibility in fiat-to-crypto transactions.
For new users, Transak’s streamlined onboarding process makes it easy to start trading with just a name and email, all while maintaining compliance with KYC regulations.
This integration further re-enforces Phantom’s position in the Solana ecosystem. The integration further expands web3 services, such as DeFi, NFT, and meme coins, as it now allows users anywhere in the world to interact with the latest blockchain evolution through either buying assets or engaging in digital economies.
In the words of its CEO, Sami Start, CEO at Transak, We are thrilled to be partnering with Phantom, combining payment infrastructure with an extraordinary wallet experience will enable users and financial freedom will be granted to people all around the world.
With a customer base exceeding 8 million in 160 countries, the collaboration with Phantom will eventually make Web3 accessible to more users in the easiest of ways, welcoming digital asset engagement into the space.
