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PancakeSwap Partners with Transak for Fiat-to-Crypto Transactions
PancakeSwap collaborates with Transak, facilitating crypto purchases via payment methods including debit cards, Google Pay, and Apple Pay across several blockchains.
One of the decentralized world's leading platforms, PancakeSwap, has joined forces with Transak, known for enabling seamless crypto transactions across apps and web platforms. Now, under PancakeSwap’s "buy crypto" option, users have a broader spectrum of payment choices.
This move permits the platform's users to effortlessly purchase digital assets using fiat money, with supported methods including bank transfers, credit card payments, Google Pay, Apple Pay, and more.
Although Transak isn't the first fiat conduit PancakeSwap has incorporated—with previous integrations including Mercuryo and MoonPay—it represents a significant addition to the platform's offerings. Currently operating on networks including BNB Smart Chain, Ethereum, Base, and Polygon zkEVM, PancakeSwap has over $1.3 billion of TVL and sees a daily trade flow of over $150 million.
Transak's Support Spans Multiple Blockchains
PancakeSwap's announcement highlights Transak's versatility, namely its compatibility with seven blockchains, handling transactions for nine distinct cryptocurrencies. These supported blockchains include giants like Ethereum, as well as Polygon zkEVM, zkSync Era, Linea, Base, BNB Chain, and Arbitrum.
Reflecting on this strategic alliance, PancakeSwap's enigmatic spearhead, Chef Mochi, commented, "It’s imperative that entry points remain simple yet robust. Transak’s expertise in fiat on-ramping, combined with PancakeSwap’s platform capabilities, promises an era where diving into decentralized finance is intuitive and barrier-free for all."
PancakeSwap's momentum seems unaffected by fluctuating market conditions, with recent milestones like the launch of PancakeSwap V3 on the Ethereum Layer 2 Linea mainnet, a project undertaken in collaboration with ConsenSys.
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