MetaMask and Transak Collaborate to Enable Effortless Crypto-to-Fiat Conversions September 8, 2023 September 8, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 8, 2023 by Kelly Cromley

MetaMask and Transak Collaborate to Enable Effortless Crypto-to-Fiat Conversions

MetaMask, one of Ethereum’s premier wallets, and Transak, a prominent web3 onboarding infrastructure provider, have deepened their partnership to offer a new feature to ETH users in the UK and Europe. This collaboration enables users to seamlessly convert their cryptocurrency holdings into fiat and directly deposit it into their bank accounts.

Transak has been at the forefront of web3 payment and onboarding infrastructure, facilitating smooth transitions between traditional financial systems and crypto assets. Their latest offering allows users to effortlessly switch between cryptocurrencies and fiat within their self-custody wallets, providing them with full control and flexibility over their crypto journey.

Lorenzo Santo, the Product Manager at Consensys’s MetaMask, expressed enthusiasm about this new feature, stating, “We’re excited to announce our integration with Transak’s off-ramp solution, reaffirming our commitment to delivering a seamless experience to our users.” He emphasized that bridging the gap between crypto and fiat aligns with their mission to make the decentralized web accessible and practical for everyone. Santo noted that this partnership exemplifies the synergy between two platforms dedicated to creating a more inclusive financial future.

Transak’s off-ramp solution is the latest addition to its expanding suite of web3 onboarding and payment solutions. With MetaMask’s integration, this new offering is poised to empower web3 users like never before. Sami Start, Co-founder and CEO of Transak, emphasized their dedication to connecting the traditional financial world with the rapidly growing web3 landscape. He stated that this collaboration with MetaMask represents a significant step in enabling users to access web3 opportunities without limitations imposed by centralized systems.

Currently, this feature is exclusively available for Ethereum users in the UK and Europe. However, both MetaMask and Transak have outlined plans to expand this functionality to other leading cryptocurrencies and additional countries. MetaMask has also integrated with other providers to allow users to seek the best prices and plans to extend the off-ramp capability to the USA, further enhancing accessibility and convenience for users worldwide.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.