Transak, a prominent global provider of Web3 onboarding solutions, has entered an exclusive partnership with Zerion, a leading Web3 wallet serving over 550,000 users. The collaboration integrates Transak as the sole fiat-to-crypto on-ramp for ZERϴ Network, Zerion’s advanced Ethereum Virtual Machine (EVM)-compatible Layer 2 rollup. This initiative aims to streamline access to cryptocurrencies and decentralized finance (DeFi), making the Web3 ecosystem more accessible to users worldwide.
Simplified Fiat-to-Crypto Conversion
The partnership equips Zerion users with a seamless fiat-to-crypto on-ramp, enabling cryptocurrency purchases directly through the Zerion Wallet. Transak supports a range of local payment methods, including credit cards, debit cards, and bank transfers, ensuring convenience for users across different regions. This integration eliminates the need to navigate external platforms, providing a frictionless entry point into the Web3 space.
Transak’s robust infrastructure ensures reliability, security, and compliance. As a registered Money Services Business (MSB) under FinCEN, ISO/IEC 27001 certified, and SOC II compliant, the platform adheres to stringent international standards, safeguarding transactions while delivering a user-friendly experience.
Zerion Wallet, known for its intuitive design, supports more than 60 DeFi protocols and provides tools for managing crypto assets and NFTs. By incorporating Transak’s fiat-to-crypto capabilities, Zerion enhances its offerings, allowing users to access digital assets with greater ease.
Zero-Fee Blockchain Transactions
At the core of the collaboration is ZERϴ Network, Zerion’s state-of-the-art Layer 2 rollup leveraging zero-knowledge proofs to improve Ethereum scalability. The network eliminates gas fees, redefining transaction accessibility for users. ZERϴ Network operates on an innovative sponsorship model to cover transaction fees:
User Verification: Zerion Wallet evaluates eligibility for fee sponsorship using Onchain DNA, a reputation-based system tracking user activity.
Transaction Validation: Eligible transactions are signed and submitted to the ZERϴ Network.
Fee Coverage: ZERϴ Paymaster approves and covers gas fees, ensuring zero costs for qualified transactions.
To celebrate the partnership and ZERϴ Network’s launch, Transak and Zerion have introduced a limited-time zero-fee campaign. As part of this initiative, users of the Zerion Loyalty Program outside the UK can purchase ETH on ZERϴ Network without incurring platform fees. While this promotion covers platform fees, users may still encounter card processing or bank charges depending on their payment method.
Advancing Web3 Adoption
Both companies underscore the importance of enhancing user experience to promote Web3 adoption. Transak highlights the potential of zero-fee transactions to attract new users by eliminating gas costs, a common barrier to entry in decentralized finance. Zerion emphasizes its commitment to creating a more inclusive Web3 environment by integrating secure and innovative technologies.
As a global leader in Web3 payment infrastructure, Transak serves over 8 million users across 160 countries and supports more than 350 platforms. Its comprehensive solutions include fiat-to-crypto ramps, NFT checkout systems, and advanced compliance tools. With headquarters in Miami and offices worldwide, Transak remains a cornerstone of the Web3 ecosystem.
Zerion, recognized for its user-centric Web3 wallet, simplifies DeFi portfolio and NFT management. The wallet provides multi-chain access, connections to thousands of decentralized applications (dApps), and an extensive suite of tools for navigating DeFi. With its growing user base and dedication to accessibility, Zerion continues to play a key role in shaping the decentralized finance landscape.
A Step Toward a More Inclusive Web3
The collaboration between Transak and Zerion represents a transformative advancement in Web3 accessibility. By combining Transak’s secure, compliant payment infrastructure with Zerion’s innovative blockchain solutions, the partnership bridges the gap between traditional finance and decentralized technologies. Together, the two companies are paving the way for a broader global audience to engage with DeFi and the wider Web3 ecosystem.