Wednesday, December 4, 2024

Pitaka integrates Transak, Unstoppable Domains for crypto buyers

Users of the digital wallet Pitaka can now purchase cryptocurrencies directly with Philippine peso and pay using their debit cards, credit cards, GCash, Maya, GrabPay, and ShopeePay within the app.

Tetrix, the Filipino-led Web3 company behind the digital wallet, has announced its partnership with Transak as its fiat on-ramp support.

Pitaka is a self-custodial digital wallet that allows users to store their crypto assets and interact with NFT marketplaces, play and earn games, decentralized autonomous organizations (DAOs), and decentralized finance (DeFi) applications. With Transak’s integration, users do not have to switch to another service and go through many intermediate steps to buy crypto.

Transak is a Web3 onboarding infrastructure provider that enables applications to accept fiat-to-crypto deposits from a global user base. It is known for its API-driven solutions that enable web3 platforms to onboard users to more than 130 crypto assets from more than 125 countries and is backed by top venture capital investors including Consensys and Animoca Brands.

“Transak is a trusted and reliable provider of fiat on-ramp services with a track record of successful partnerships with leading cryptocurrency companies. The integration of Transak’s fiat on-ramp is a key step in Pitaka’s mission to make it easy for users to buy, sell, and use cryptocurrencies,” Ralph Acabado, founder and COO of Tetrix, said.

“Self-custody wallets are on the rise as more people become aware of the importance of keeping their assets safe. They offer a high level of security, sovereignty, privacy, and control over their money and private financial information. Pitaka, now integrated with Transak, makes it even easier for customers to access crypto and Web3 with peace of mind,” he said.

“We’re glad that we are able to provide new payment methods for Pitaka, and we hope more and more users benefit from this as we strive to make onboarding easier and more seamless for mainstream adoption,” Etienne Gandon, Business Development Analyst at Transak, said.

To make crypto transactions simpler and more intuitive, Tetrix has also teamed up with NFT domain provider Unstoppable Domains to give users a new feature where they can use human-readable domain names when buying or sending crypto assets.

Unstoppable Domains is a platform that allows users to create and use a special kind of website address called “crypto domains.” These domains are stored on a blockchain, which means they can’t be taken down or censored by anyone and belong to their holders forever.

Instead of having to share a long and confusing wallet address, Pitaka users can purchase crypto wallet address names provided by Unstoppable Domains and use them to send and receive crypto or other digital assets.

“NFT domains provide a secure and user-friendly way to store and manage non-fungible assets on the blockchain. Because they are stored on the blockchain, they are resistant to censorship and control by any single entity, and they can’t be lost or stolen like physical assets can. Additionally, because they use a standard domain name format, they are easy for users to understand and use,” Acabado explained.

“We’re thrilled to partner with Tetrix and Pitaka to give more people ownership and control of their identity,” Sandy Carter, SVP and channel chief at Unstoppable Domains, said.

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