Phantom Wallet Teams Up with Transak to Simplify Crypto Access for Millions

Phantom Wallet, a rapidly growing name in the crypto space, has joined forces with Transak to revolutionize how users access digital assets.

This collaboration, facilitated by the Web3 platform Meld, enhances Phantom’s offerings by introducing flexible payment methods and simplified onboarding, aiming to make crypto adoption seamless for a global audience.

Phantom has seen extraordinary growth, amassing millions of users across more than 100 countries. Known for its intuitive interface and support for Solana, Ethereum, Polygon, and Bitcoin, the wallet has climbed app store rankings, even outpacing major platforms like Instagram and TikTok. Its latest integration with Transak has already triggered a substantial uptick in activity, with Solana (SOL) purchases on Transak soaring by 400% within weeks.

We saw a 400% spike in #SOL transactions on Transak in 7 weeks 🚀

💙 The @Solana network is only getting stronger! pic.twitter.com/btiSuEP8Il

— Transak (@Transak) November 29, 2024

The partnership enables users to access higher transaction limits, with purchases of up to $75,000 now possible in certain regions. Additionally, over 20 payment options, including bank transfers and credit cards, make the process more accessible and inclusive. Transak’s efficient verification system ensures that new users can get started with minimal effort, maintaining security without added complexity.

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This integration further strengthens Phantom’s foothold in the Solana ecosystem, where it remains a top choice for users. The surge in SOL transactions highlights the wallet’s growing influence and ability to meet user demand. Beyond Solana, the collaboration positions Phantom as a key player in the broader crypto landscape, catering to emerging markets like DeFi and NFTs.

According to Transak CEO Sami Start, this partnership is a major step forward in bringing digital assets to a wider audience. By combining Phantom’s user-focused design with Transak’s robust payment infrastructure, the collaboration underscores a shared commitment to making crypto both accessible and convenient for users worldwide.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.