Transak to Streamline Fiat Off and On-Ramps by Supporting Unichain

Transak, a fiat on/off ramp platform for developers, has recently announced support for Unichain, a Uniswap Labs-powered L2 blockchain scaling forum for DeFi. Supporting Unichain will permit Transak to let consumers seamlessly buy digital assets via fiat currencies, eliminating chief adoption barriers. The platform disclosed this development in an exclusive statement.

Transak Supports Unichain to Deliver Simplified Off and On-Ramps

As per Transak, support for Unichain will simplify fiat off and on-ramps. Hence, the users will be allowed to purchase digital assets by smoothly utilizing fiat currencies. This provision merges the resilient payment infrastructure of Transak with the innovations of Unichain to establish a transformative consumer experience.

Transak’s CTO and co-founder “Yeshu Agarwal” expressed excitement over this development. As per the executive, Unichain complements Transak in increasing the accessibility of the decentralized finance to everyone. Unichain reportedly deals with the persistent issues within the DeFi sector. They include hefty transfer charges, liquidity fragmentation, and sluggish processing speeds.

Fostering Cost-Efficiency and Rapidity in Comparison with Ethereum L1

Developed as superchain on Ethereum, Unichain decreases costs by nearly 95% in comparison with Ethereum L1. Moreover, along with offering one-second block times, it also plans to unveil sub-blocks with a speed of 200-250 milliseconds. These enhancements elevate Unichain’s position as a DeFi innovation hub, enabling more scalable, affordable, and faster blockchain interactions.

The integration of Transak will reportedly enhance Unichain’s endeavors to benefit the users. This takes into account the provision of a secure and streamlined onboarding experience for all consumers. Transak operates in more than 160 jurisdictions, delivering support for several regional payment methods. In this respect, it backs bank transfers, credit cards, Apple Pay, and Google Pay. The platform’s security certifications and compliance with worldwide financial regulations guarantee the safety of the user data and funds.

Comprehensive Compliance and KYC Builds User Trust

According to Transak, its on-ramp enables Unichain users to rapidly buy crypto via fiat without any intermediary steps. In addition to this, it also delivers an unparalleled speed by implementing multi-level KYC. This lets users take part in DeFi via tokens within 30 seconds. Moreover, the Unichain consumers can also sell crypto and directly convert their assets to fiat.