Everyone from crypto natives to brand new users all wants crypto onramp to be smoother and more accessible.

Transak’s recent partnership could drive even more users to Terra’s growing ecosystem—here’s what you need to know

In just a few short months, the Terra ecosystem has grown significantly. While Mirror Protocol and Chai were once the only two decentralized applications (dApps) built on Terra’s network in early 2021, there are now hundreds — plus a growing base of developers.

Just like “normal” iPhone or Android apps, decentralized apps (dApps) must have the functionality to accept payments. But as we know, dApps run on blockchain technology, where these payments are made in the form of cryptocurrency.

During the ETHDenver conference Cask Protocol Dao won Transak’s Hackathon. Team Cask’s Matt Brickley, Mike Machado and Matt Scifo were awarded $5000 USD. Their project centered around reducing the friction of on-ramping users to DeFi, and the Transak team is now working with Cask to integrate their technology into the Transak platform.

Miami, Florida - March 23, 2022 - Transak, a single integration for applications to accept fiat-to-crypto deposits and withdrawals from a global user base, today announces that Apple Pay is now a recognized payment option within the company’s fiat onramp.  

Bitcoin was officially launched on January 3, 2009, by the mysterious Satoshi Nakamoto. In the beginning, Bitcoin was only of interest to a community of people passionate about cryptography. Gradually we started seeing more innovators and a range of Web3 solutions getting developed today.

Today, Transak is incredibly excited to announce that we have been approved as a registered Cryptoasset Firm by the UK's FCA (Financial Conduct Authority). This is a huge milestone for us. Transak is the 30th firm in the world to receive this license. The registration is done under our UK subsidiary 'Light Technology Limited' and can be found at https://register.fca.org.uk/s/firm?id=0014G00002WMs6zQAD