Headquartered in New York, USA, Transak is registered as Transak USA LLC (Delaware Limited Liability Company) and is registered with the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (MSB). In addition, Transak has registered entities in various countries and regions, including the United Kingdom, Canada, Australia, Poland, India, and Hong Kong, and has obtained regulatory approvals in multiple operating regions, ensuring that its services comply with local regulatory requirements.
Core Products &
ServicesTransak offers a variety of products and services designed to simplify the payment experience for users in the Web3 ecosystem: Wikipedia
- On/Off Ramp: Allows users to buy cryptocurrency using traditional payment methods such as credit cards, debit cards, bank transfers, etc., or exchange crypto for fiat currency and deposit it directly into a bank account or card.
- Transak One: Provides a one-click fiat-to-smart contract payment solution for decentralized finance (DeFi) platforms, supporting staking, bridging, adding liquidity, yield farming, and other operations to simplify the user experience.
- Transak Stream: Provides instant crypto-to-fiat withdrawals that allow users to send crypto to a Transak Stream wallet address and transfer funds to a bank account or card in seconds.
Market Positioning and Customer
GroupsTransak's main customer groups include:
- Web3 platforms: such as wallets, decentralized exchanges (DEXs), NFT marketplaces, DeFi protocols, etc., utilizing Transak's APIs and widgets to integrate payment functions and simplify the process of buying and selling cryptocurrencies for users.
- Enterprise customers, such as game developers and brand owners, use Transak One to realize fiat-to-smart contract payments, support staking, bridging, add liquidity and other operations to improve user experience.
Transak's services cover 161 countries around the world, supporting more than 170 cryptocurrencies and more than 80 blockchains, catering to the needs of different regions and users.
Transak has achieved SOC 2 Type 2 and ISO/IEC 27001:2022 security certifications, ensuring that its platform complies with global information security management standards to protect user data.
Summary:
Transak is a leading Web3 payment infrastructure provider that simplifies users' payment experience in the Web3 ecosystem by providing diverse payment solutions.
Its global service coverage, strong regulatory compliance, and security make it a trusted partner for Web3 platforms and enterprise customers.
For developers looking to integrate cryptocurrency payments into their apps, Transak offers easy-to-integrate APIs and widgets that support multiple payment methods and cryptocurrencies to meet the needs of different users.
