Miami, Florida, April 8th, 2025,
Chainwire
Transak, the
leading Web3 payments infrastructure provider, announced a
strategic collaboration with
Fastex, a prominent cryptocurrency exchange.
This integration allows users to
seamlessly purchase cryptocurrency directly on the Fastex Exchange
using fiat currency (e.g., USD, EUR, etc.) through various payment
methods such as credit cards, debit cards, and bank transfers.
“We are excited to partner with Transak
to offer our users a more convenient and accessible way to enter
the crypto market. This integration represents a significant step
towards our goal of simplifying crypto adoption and empowering
users with a seamless trading experience globally,” said Yeghishe
Stepanyan, CEO of Fastex Exchange.
The barrier to entry in cryptocurrency
is high if you compare with traditional finance counterparts. The
wide array of financial tools that an exchange like Fastex provides
can quickly overwhelm users who are starting from zero.
When users can easily buy crypto
directly on Fastex using popular payment methods via a familiar
Web2-like flow, they are more likely to start trading
immediately.
To further streamline the onboarding
process, Fastex has also implemented KYC
Reliance with Transak. This means that users who have
already completed their KYC verification on Fastex do not need to
go through the process again when using Transak's
services. This eliminates redundancy and ensures a
smoother user experience while maintaining compliance.
With this integration, Fastex aims to
simplify the onboarding process for new users entering the
cryptocurrency space. Transak’s robust infrastructure ensures a
smooth and secure transaction experience, enabling users to convert
their fiat money into cryptocurrencies without the need for complex
intermediaries or multiple steps. This enhancement aligns with
Fastex’s commitment to providing user-friendly and efficient
trading solutions.
In addition to facilitating general
cryptocurrency purchases, Fastex Ecosystem Utility Coin,
Fasttoken (FTN), is now listed on Transak. Users
can buy FTN directly through the Fastex platform, leveraging the
same convenient payment methods.
“We are delighted to collaborate with
Fastex and support their mission to simplify crypto adoption. Our
on-/off-ramp solution aligns perfectly with Fastex’s commitment to
providing user-friendly and secure services, and we look forward to
a fruitful partnership,” said Etienne Gandon, Partnerships Manager
at Transak.
About Transak
Transak is the world's most compliant
and largest Web3 payments infrastructure provider, serving over 8.3
million users globally. It powers 450+ 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 transak.com or follow us on
x.com/transak and linkedin.com/company/transak.
About Fastex
Fastex is the all encompassing
ecosystem that redefines the Web3 experience. Fastex stands at the
forefront of blockchain and AI technology, seamlessly blending vast
opportunities within a unified and user-friendly environment, such
as Fastex Exchange, Fastex Pay crypto payment gateway, and the
e-commerce platform - ftNFT Marketplace with phygital spaces.
Fastex distinguishes itself by prioritizing regulatory compliance,
ensuring a secure and reliable experience for all users in the
evolving landscape of Web3.
Contact
Harshit
Gangwar
harshit.gangwar@transak.com
