We’re thrilled to announce that Transak has introduced Lite KYC for Off Ramp. This new feature enables users to withdraw their cryptocurrency from fiat for smaller transactions in Giffy, supporting over 100 countries (Please find the supporting countries list on our docs). Lite KYC is ideal for use cases such as gaming, as users can buy or sell crypto with only their basic user details.

Key Features:

• A frictionless onboarding process to the platform that takes only 30 seconds for smaller transactions.
• Great for games and developing markets, as it helps onboard users to Web3.

Please refer to the docs to know more about various KYC types and their usage.

Good News! Transak continues to enhance its services to provide a seamless and comprehensive experience for users worldwide. In a significant development, Transak has introduced VISA & Mastercard payouts for approved countries, further expanding the accessibility and convenience for users looking to Off Ramp to card payouts.

Card Payouts - A Game-Changing Feature:

Adding VISA and Mastercard payouts marks a pivotal moment for Transak users. This feature allows individuals in approved countries to receive payouts directly to their cards, offering a more accessible and user-friendly withdrawal option.

Global Coverage: Please refer this docs to learn more about the countries that support VISA and MasterCard payouts.

Transak now supports the defaultFiatCurrency query param, allowing partners to set the default value for the Fiat currency when the widget is loaded.

GIVEN: defaultFiatCurrency = EUR

WHEN: The query params URL is https://global.transak.com/?defaultFiatCurrency=EUR

THEN: The Transak Widget will be loaded with EUR as the default fiat option.

Please check our docs for a detailed explanation and usage of defaultFiatCurrency query param.