Concordium (CCD), a L1 chain focused on confidentiality and legal compliance, announced a strategic collaboration with Transak, a decentralized payments infrastructure for virtual currencies and stable assets. Concordium is a permissionless L1 chain designed for institutions looking for compliance without infringing customer confidentiality, enabled by ZKPs and an integrated identity verification layer.
According to the announcement made today, this partnership facilitated the integration of Concordium’s network into Transak’s Web3 payment infrastructure to broaden the accessibility of its native token (CCD) through Transak’s front page widget. Transak is a fiat-to-crypto onramp solution that allows users to purchase and sell cryptocurrencies efficiently within decentralized applications, websites, and plugins using fiat currencies.
Transak Enabling Global Access of CCD at Scale
The integration allows millions of users on Transak’s payment infrastructure to efficiently access and interact with CCD using payment methods like bank transfers, Apple Pay, Credit cards, and many others. The partnership enables customers worldwide to directly engage with the Concordium ecosystem. CCD is the native token driving Concordium’s compliance-focused ecosystem, serving as a payment token for various functions, including utility, governance, and staking.
Through its partnership with Transak, Concordium widens global accessibility of its native token, providing customers with an efficient, compliant fiat-to-crypto avenue. The collaboration removes barriers to entry for new customers while strengthening Concordium’s dedication to advancing real-world applications on a compliant infrastructure that enables secure transfers of data and funds.
Concordium: Shaping Digital Growth
By incorporating CCD and supporting the native wallet powered by Concordium, Transak helps Concordium to actualize its vision. In an age where digital transformation isn’t just a trend, but embracing digital solutions is a necessity for efficient service delivery, Concordium is pioneering innovation in the sector.
Concordium’s blockchain is designed to fulfill the demand of enterprises and firms looking for confidentiality and transparency in the digital landscape. Its identity verification layer ensures that every activity on-chain is traceable and identifiable, thus helping to meet international legal compliance. This dedication makes Concordium a useful network for enterprises seeking to take advantage of blockchain while remaining compliant with advancing legal standards. By partnering with Transak, Concordium makes its token accessible to global clients and expands the usage of its ecosystem.