StellaSwap Partners with Transak for Fiat Onramp on Moonbeam, Simplifying DeFi Experience for All
Finally, you’ll soon be able to buy GLMR — Moonbeam’s native token — with your bank account and credit cards!
As part of simplifying the the DeFi experience, StellaSwap, the leading DEX on Moonbeam, has partnered with Transak, a Web3-driven enterprise focused on streamlining fiat-to-crypto deposits from a global user base.
This strategic partnership would allow StellaSwap users to buy and sell GLMR (for now) using their fiat currency. This feature is scheduled to go live on 26th May.
Transak: Fiat Onramp Aggregator
Founded in 2019 by Sami Start and Yeshu Agarwal, Transak’s mission is to make Web3 applications accessible to all. Users from over 125 countries will be able to purchase GLMR directly on StellaSwap’s website with ease, simplifying the DeFi experience. You can even use your Apple pay account for that!
“One of the core principles of StellaSwap has been the simplification of DeFi, basically abstracting away all the complexities inherent in traditional DeFi user journey. With Transak, a critical point of the user lifecycle is streamlined; fiat ramps. We’re excited to collaborate with in offering an easy way for users to plug in their fiat ramps directly into StellaSwap, allowing for greater user experience. We look forward to synergizing with their talented team to further streamline retail user onboarding!”
— Atticus, Co-Founder of StellaSwap
A statement from Sami Start, co-founder and CEO at Transak on the integration with StellaSwap;
“One of Transak’s main missions is to onboard the next billion users to crypto. StellaSwap aligns with this mission in simplifying the users journey to accessing DeFi,” said Sami Start, CEO, Transak. “By becoming StellaSwap’s direct access point, new retail users can connect to their fiat infrastructure which in turn provides a simple intuitive interface that will enhance brand loyalty.”
StellaSwap is the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform. StellaSwap’s products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.
Transak is a single integration for applications to enable fiat-to-crypto on-ramp from a global user base. It does so by providing API-driven fiat payment methods to on-ramp to 100+ crypto assets and abstracting away the complexity of user KYC, risk monitoring & compliance, payment methods and customer support. Transak’s widget can be integrated into an app in just a few lines of code.Transak currently supports 125+ countries, 100+ cryptocurrencies and 75+ blockchains. Transak is backed by top VCs, including Consensys and graduated from the Tachyon accelerator program.