1inch, one of the largest decentralized exchange (DEX) aggregators and liquidity protocols for routing trades, made headlines last year when the network released an iPhone wallet. And now 1inch Network has partnered with Transak, allowing users to onramp from fiat to crypto directly within the 1inch Wallet.

In crypto, the expression “KYC” stands for “know your customer." It refers to how crypto onramp solutions, exchanges, dApps, and protocols are verifying the identities of their users in order to comply with anti-money-laundering requirements and federal regulations.

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

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.

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.