Home Blockchain Transak Expands into TON Ecosystem With its Integration on

Transak Expands into TON Ecosystem With its Integration on

by Sophie Smith

Transak, a leading Web3 onboarding solution, has announced its integration with Tonkeeper, the non-custodial wallet of The Open Network (TON) ecosystem. This collaboration marks an important milestone for Transak as it expands its reach into the TON ecosystem and further simplifies the process of purchasing TON directly with fiat currency from over 155 countries.

Tonkeeper is the primary non-custodial wallet in the TON ecosystem and provides users with a convenient and secure way to store, send, and receive Toncoin. Toncoin is the native cryptocurrency of The Open Network, which aims to unite all blockchains and the internet into one open network. Developed initially by the Telegram team, TON has been operated as an open-source community project since 2020. Its layer-1 architecture is designed to scale up to 2 to the power of 32 workchains, each of which can be subdivided into up to 2 to the power of 60 shardchains, enabling it to support millions of near-instant transactions per second.

In addition to its scalability, the TON blockchain offers a range of modern public blockchain capabilities, including smart contract support, NFT integration, compatibility, and messaging apps. This makes it a robust and versatile platform for various decentralized applications.

The partnership between Transak and Tonkeeper brings enhanced user experience by offering over 20 payment options, such as bank transfers and card transactions, allowing users to directly purchase and sell Toncoin with fiat currency. This integration makes it easier for individuals from over 155 countries, including countries in Europe, the UK, Australia, India, and the Philippines, to acquire TON directly into their Tonkeeper wallets, promoting global adoption of the ecosystem.

Transak, having recently partnered with PancakeSwap, is leveraging its large user base to bring more users to the TON ecosystem. Verified users who are already using Transak on other leading Web3 applications like Metamask can now seamlessly purchase TON from Tonkeeper without having to go through lengthy verification processes. This integration is expected to drive the adoption of The Open Network and the Tonkeeper wallet across the globe. Users can start buying TON with as low as €5 and up to €23,000, depending on their verification level.

Yeshu Agarwal, Co-founder and CTO of Transak, stated that the collaboration with Tonkeeper is a significant milestone for Transak in enhancing user experiences within the cryptocurrency domain. The integration represents Transak’s commitment to be early adopters of emerging technologies and making crypto accessible to all.

Oleg Andreev, CEO of Tonkeeper, emphasized that the addition of Transak to Tonkeeper reinforces their commitment to providing superior and secure experiences for their users. Collaboration with Transak expands onboarding options, which will accelerate the adoption of TON, a superior blockchain technology that is more approachable and trusted by users worldwide.

Tonkeeper is the go-to wallet for storing, sending, and receiving Toncoin on the TON blockchain. It is a non-custodial wallet that offers high speed and throughput, end-to-end security by storing cryptographic keys on the user’s device, and a built-in exchange where users can directly swap Toncoin for other cryptocurrencies on the TON blockchain. Tonkeeper is available on various platforms such as iOS, Android, Tonkeeper Web, Chrome, and Firefox.

Transak, on the other hand, is a global Web3 payment and onboarding infrastructure provider. It enables seamless transitions between traditional finance and digital assets. Transak’s integration with Web3 platforms allows users to buy, sell, or mint digital assets across 75+ blockchains from over 155 countries. The company takes charge of reducing the complexities of user KYC, risk monitoring, compliance, payment methods, and customer support. Transak is trusted by over 350 leading apps, including MetaMask and Coinbase. It has received support from industry leaders like Animoca Brands, Consensys, UOB, KX, and more, making Web3 applications more accessible.

For more information about Transak and its services, you can visit their website at transak.com or follow them on Twitter at twitter.com/transak.

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