Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx
The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...
Transak Integrates Etherlink to Simplify Web3 Transactions in 169 Countries
Transak has announced its integration with Etherlink, a Layer 2 blockchain powered by Tezos. This collaboration aims to streamline Web3 adoption by offering faster transactions and minimal fees. Transak, known for its developer-friendly toolkit, supports over 170 cryptocurrencies across 169 countries, facilitating seamless and efficient crypto transactions.
By: XTZ News
14 June 2024
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Our articles due not endorse any projects/applications, nor due they constitute any financial advice. They are provided to simply inform our readers with readily available information that has been provided elsewhere.
Transak has announced its integration with Etherlink, a Layer 2 blockchain powered by Tezos. This collaboration aims to streamline Web3 adoption by offering faster transactions and minimal fees. Transak, known for its developer-friendly toolkit, supports over 170 cryptocurrencies across 169 countries, facilitating seamless and efficient crypto transactions.
About Transak
Transak provides a comprehensive toolkit that allows developers to enable crypto transactions within any app, website, or web plugin. It supports over 170 cryptocurrencies on 75+ blockchains and operates in 169 countries. Transak simplifies the process of buying and selling cryptocurrencies, including integration with popular wallets like MetaMask.
How Transak Works
Transak offers a seamless on-ramp solution that integrates with various platforms, allowing users to buy and sell cryptocurrencies effortlessly. This is facilitated through a customizable SDK and a white-label API. By supporting multiple payment methods and offering a robust risk engine, Transak ensures secure and efficient transactions.
Transak and MetaMask
MetaMask users can benefit from Transak’s integration, which allows them to purchase crypto assets directly within the MetaMask interface. This eliminates the need for users to switch between platforms, streamlining the process of acquiring and managing digital assets.
Transak and Etherlink: A Powerful Combination
The integration of Transak with Etherlink streamlines the onboarding process, making it easier for users to acquire assets on Etherlink. Etherlink, an EVM-compatible Layer 2 blockchain built on Tezos, uses optimistic rollups to bundle transactions, reducing load on the main network and ensuring fast processing times with low fees.
Advantages of Etherlink
Speed: Etherlink provides sub-second confirmation times and low latency, leveraging Tezos’ two-block finality guarantee and Smart Rollups for fast, secure transactions.
Fairness: It integrates with Tezos’ transparent governance system, allowing decentralized control and ensuring users retain asset control.
Cost-efficiency: Transaction fees are exceptionally low, promoting innovation without high costs.
Bridging the Gap to Cryptocurrency
Transak addresses the complexity of acquiring and managing digital assets by offering a user-friendly interface for buying crypto. Users can convert fiat directly into crypto on Etherlink without navigating multiple platforms, supported by various payment methods.
Global Reach and Use Cases
Transak operates in over 160 countries, providing access to multiple local currencies and payment methods. Etherlink’s scalable infrastructure supports high transaction throughput and low fees, catering to diverse user needs in both emerging and developed markets.
Transak’s integration with Etherlink represents a significant step toward advancing Web3 adoption. By providing seamless and efficient crypto transactions, this partnership empowers users and developers to engage with decentralized applications, driving the growth of the blockchain ecosystem.
Transak has announced its integration with Etherlink, a Layer 2 blockchain powered by Tezos. This collaboration aims to streamline Web3 adoption by offering faster transactions and minimal fees. Transak, known for its developer-friendly toolkit, supports over 170 cryptocurrencies across 169 countries, facilitating seamless and efficient crypto transactions.
NOWPayments has announced that Tezos (XTZ) is now available as a payment option on its platform. This development allows developers and businesses, particularly in the gaming sector, to accept XTZ payments seamlessly.
Baanx, a pioneering cryptocurrency payments company endorsed by the U.K.’s Financial Conduct Authority (FCA), has secured a significant financial boost with a $20 million Series A funding round. This strategic investment was led by notable entities including Ledger, the Tezos Foundation, Chiron, and the British Business Bank. The move marks a significant milestone for Baanx, elevating its total funding to over $30 million.
Transak has announced its integration with Etherlink, a Layer 2 blockchain powered by Tezos. This collaboration aims to streamline Web3 adoption by offering faster transactions and minimal fees. Transak, known for its developer-friendly toolkit, supports over 170 cryptocurrencies across 169 countries, facilitating seamless and efficient crypto transactions.
The Tezos Foundation has announced the integration of Etherlink support into Subsquid’s decentralized data lake, offering significant benefits for developers. This integration allows those building on Etherlink, a new Layer 2 solution, to use the Subsquid SDK for efficient access to on-chain data, enhancing the development of decentralized applications (dapps).
OpenPad, a well-regarded platform known for its innovative approach to project management and decentralized ecosystem funding, is taking a significant leap forward. OpenPad has recently announced its deployment on Etherlink, a Layer 2 EVM-compatible Smart Rollup built on the Tezos blockchain.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Our articles due not endorse any projects/applications, nor due they constitute any financial advice. They are provided to simply inform our readers with readily available information that has been provided elsewhere.
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The Tezos Foundation has announced the integration of Etherlink support into Subsquid’s decentralized data lake, offering significant benefits for developers. This integration allows those building on Etherlink, a new Layer 2 solution, to use the Subsquid SDK for efficient access to on-chain data, enhancing the development of decentralized applications (dapps).
NOWPayments has announced that Tezos (XTZ) is now available as a payment option on its platform. This development allows developers and businesses, particularly in the gaming sector, to accept XTZ payments seamlessly.
OpenPad, a well-regarded platform known for its innovative approach to project management and decentralized ecosystem funding, is taking a significant leap forward. OpenPad has recently announced its deployment on Etherlink, a Layer 2 EVM-compatible Smart Rollup built on the Tezos blockchain.
