Global fiat ramp provider Transak now supports fiat on-ramps to Fuse Network. The supported crypto assets on Fuse are FUSE and USDC.
As many of our readers will know, the Fuse team has been making much progress lately concerning making it easier for users to onboard onto our blockchain and ecosystem. Today, we are happy to announce the integration with a leading on-ramp provider Transak.
A leading global fiat ramp
Transak is one of the most popular fiat on- and off-ramp providers in the crypto space, currently integrated into more than 100 applications, including, among others, Metamask, Coinbase Wallet, Trust Wallet, and 1inch. Transak covers 130 cryptocurrencies on over 75 blockchains in more than 125 countries.
Transak supports a range of payment methods for its on-ramp, including bank transfers, Visa and Mastercard credit cards, Google Pay and Apple Pay, and others (e.g. UPI in India). Off-ramping is currently only possible using bank transfers.
The on-ramp fees mostly range from 0.99% for SEPA bank transfers in the EU to 5.5% for credit card and Google and Apple Pay purchases in certain currencies and countries.
The full information about the supported crypto and fiat currencies, blockchains, countries, and payment methods, as well as limits and know-your-customer (KYC) requirements, is available in Transak’s documentation.
Transak-powered functionalities can be integrated into any application or website using its developer integration toolkit, which includes Transak’s widget and Web and Mobile software developer kits (SDKs). The company is also working on enabling developers to use its ramp on a white-label basis.
How Fuse integrates Transak
Transak has now added support for the Fuse Network blockchain on its on-ramp. Users can purchase Fuse’s native FUSE token and the USD Circle (USDC) stablecoin on the Fuse Network blockchain from their bank accounts.
Currently, on-ramping to Fuse is available via Transak’s interface. Stay tuned for updates about its integration into additional interfaces on Fuse.