As government bodies race towards regulating cryptocurrencies, a commonality is emerging in the implementation of laws — KYC verification.

Transak, the leading crypto payments gateway solution, has partnered with Privado ID, formerly Polygon ID, a leading provider of privacy-centric identity management, to provide a KYC sharing service that would improve the process of decentralized identity verification.

Transak, one of the leaders in Web3 payments infrastructure, has listed PayPal’s stablecoin, PayPal USD (PYUSD). This enables Transak users the ability to buy PYUSD using their preferred local payment methods.

Transak is thrilled to announce a ‘much-needed-for-Web3’ partnership with Cometh. This collaboration makes Transak the first-ever direct on-ramp of any Layer 3 blockchain through an innovative fiat-to-smart contract integration.

Since inception, Transak has advocated for financial freedom through self-custody of digital assets and has taken a stance against financial autocracy through innovative Web3 payments solutions. Today, the platform hosts over 170 cryptocurrencies and enables purchases in more than 160 countries.