Transak, a leading Web3 payments infrastructure provider, has secured Money Transmitter Licenses (MTLs) in Illinois and Missouri, further strengthening its regulatory footprint in the United States. These newly acquired licenses enable Transak to directly facilitate cryptocurrency transactions for residents and businesses in both states, expanding the accessibility and scope of its services.

Transak, a global leader in Web3 payments infrastructure, has officially launched Transak Stream, a groundbreaking innovation that redefines the crypto-to-fiat off-ramping experience. This new product delivers unmatched simplicity, making stablecoin and cryptocurrency conversions to fiat as seamless as sending a token between wallets.

Off-ramping crypto has always been complex—multiple steps, long wait times, and unnecessary hassle. Transak Stream changes that. Converting your crypto to fiat now takes less than two minutes (the fastest solution in the market), streamlining the process as smoothly as sending crypto to a friend.

Transak, a global leader in Web3 payments infrastructure, is proud to announce its Canadian entity’s (Transak Canada) official registration with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada).

Transak, a leading global Web3 payments infrastructure provider, is thrilled to announce that its U.S. entity, Transak USA LLC, has successfully acquired its second Money Transmitter License (MTL), this time from the State of Delaware. Transak secured its first MT license from the Alabama Securities Commission a month ago and this recent milestone reinforces Transak’s commitment to regulatory compliance and commitment to broadening its presence in the   U.S. market.

Hawaii has recently adopted a more welcoming stance towards cryptocurrency. As the Aloha State ventures further into the world of cryptocurrencies and blockchain technology, Transak is thrilled to announce its official launch in Hawaii, providing a much-needed gateway to Web3 for individuals and businesses alike.

Transak, a leading Web3 payments infrastructure provider, has officially launched wire transfers as a new payment method for US users to purchase cryptocurrencies. The introduction of wire as a payment method to purchase cryptocurrencies is a notable step towards enhanced accessibility and convenience for cryptocurrency enthusiasts across the nation.

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