UK-based fiat on/off ramp Transak, announced a strategic partnership with Zero Hash for North American expansion
Transak, the UK-based fiat on/off ramp and 2020 graduate of the Consensys Tachyon accelerator program, announced a strategic partnership with Zero Hash. Transak has existing operations in over 60 countries and is now leveraging Zero Hash’s APIs that provide the regulatory and technology rails to expand into North America
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Similar to how Banking-as-a-Service enabled FinTechs to focus on building products, Zero Hash is defining the new FinTech vertical of Digital Assets-as-a-Service by providing the infrastructure to offer digital asset experiences in a completely automated and regulated way. Transak will leverage a suite of Zero Hash products:
- Trade: Buy and Sell in a regulated environment.
- Send: 24/7/365 on-chain movements.
- Receive: Dedicated customer crypto addresses
- Balance: Verify real-time account balances and deposits across all assets, with ownership validation.
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“We are thrilled about our expansion plans in the US,” said Sami Start & Yeshu Agarwal, Co-Founders, Transak, “The American crypto market is growing rapidly, and 2022 is predicted to be another year of increasing adoption and burgeoning use cases such as DeFi and NFTs. The partnership with Zero Hash allows us to enter the US market rapidly while maintaining complete confidence in compliance with applicable regulations, with Zero Hash providing the regulatory framework to serve over 300 million Americans.”
Edward Woodford, the CEO of Zero Hash and the infrastructure and regulatory platform powering the Transak’s launch in the US, commented: “We are excited to support Transak entering this new market. It is rewarding to enable innovative fintechs from all the world to bring their offering to the US and increase the ways corporate and retail investors can access crypto and blockchain.”
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