We're thrilled to announce a significant upgrade to our KYC process, specifically tailored for users and applications seeking unparalleled access to the world of crypto. With our enhanced Level 3 KYC, we've simplified the onboarding experience, ensuring users encounter no barriers while enjoying highly competitive rates for transactions of substantial value, up to $100,000 each.💸💎

Key Features:

🔄 Seamless Onboarding Experience: Our Level 3 KYC streamlines the user journey, making onboarding new users smoother and more efficient. 🌈🚀

🏦 Perfect for Wallets and Institutional-Level dApps: Whether managing a large-scale wallet or developing institutional-level decentralized applications (dApps), Level 3 KYC caters to your needs by unlocking the potential of high-value transactions. 💼🔓

🚀 Unparalleled Access: Elevate your crypto experience with unparalleled access to a diverse range of assets supporting over 160 fiat currencies with 20+ local payment options. 💰🌍

Transak KYC types:

Starting 9th Nov, 6 AM UTC, we're rolling out Native USDC on💙Polygon PoS!

🔄 Changes to Note:

• The current USDC token will switch to Polygon's native USDC.
• "USDC.E" will be the new code for Ethereum Bridged USDC on our widget.

🗓 Transition Period:

• Dual support for Native (Polygon) and Bridged USDC (9th Nov - 1st Dec).
• Post 1st Dec, Bridged USDC (USDC.E) will be unsupported on Polygon via Transak.

Ensure your systems are updated to accommodate these changes. Incase of queries, please reach out to [email protected].

Thank you for your continued partnership!

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.