Transak, a prominent Web3 onboarding solution provider, has announced its integration with Tonkeeper, the non-custodial wallet within The Open Network (TON) ecosystem. This strategic collaboration marks Transak’s entry into the TON ecosystem, aiming to facilitate the direct purchase of Toncoin (TON) with fiat currency from more than 155 countries, streamlining the user experience.
TON’s Vision and Technology
The Open Network (TON) is a revolutionary technology designed to unify various blockchains and the internet into a single open network. Originally conceived by the Telegram team, TON has evolved into an open-source community project since 2020. TON’s layer-1 architecture is engineered to scale impressively, accommodating up to 2 to the power of 32 workchains, with each workchain further subdivided into up to 2 to the power of 60 shardchains. This scalability enables TON to support millions of transactions per second, virtually instantaneously.
The TON blockchain boasts modern public blockchain capabilities, including support for smart contracts, seamless integration of non-fungible tokens (NFTs), cross-compatibility, and messaging applications, among others.
Transak and Tonkeeper Partnership Benefits
The partnership between Transak and Tonkeeper significantly enhances user accessibility and convenience by offering more than 20 payment options, including bank transfers and card transactions. This extensive array of payment methods enables users to directly purchase and sell Toncoin with fiat currency. Transak’s comprehensive integration ensures that individuals from more than 155 countries, including the United Kingdom, Europe, Australia, India, and the Philippines, can effortlessly acquire TON tokens directly into their Tonkeeper wallets. This inclusive approach promotes global reach and fosters greater adoption of the TON ecosystem.
Transak’s recent collaboration with PancakeSwap further strengthens its presence within the Web3 community. The integration of Transak into the TON ecosystem means that millions of verified users who already utilize Transak on other leading Web3 applications, such as Metamask, can now instantly access Toncoin through Tonkeeper without the need for repetitive and time-consuming verification processes. This integration, supported by institutional backing from Animoca Brands, is poised to expedite the adoption of The Open Network and the Tonkeeper wallet across more than 155 countries. Users have the flexibility to purchase TON tokens ranging from as low as €5 to as high as €23,000, depending on their verification level.
Statements from Transak and Tonkeeper Leaders
Yeshu Agarwal, Co-founder and CTO of Transak, expressed the significance of the collaboration, stating, “Collaborating with Tonkeeper is a milestone for Transak in fostering enhanced user experiences within the cryptocurrency domain. This integration is a beacon of our commitment to be early movers in emerging technologies and make crypto accessible to all.”
Oleg Andreev, CEO of Tonkeeper, emphasized the benefits of adding Transak to their platform, stating, “By adding Transak to Tonkeeper, we are reinforcing our commitment to delivering superior and secure experiences for our users. Collaboration with Transak greatly expands onboarding options for our users, accelerating adoption of TON, the superior blockchain technology that is more approachable and trusted by users globally.”
The integration of Transak with Tonkeeper represents a pivotal step in the broader adoption of Web3 technologies, making Toncoin more accessible and user-friendly for cryptocurrency enthusiasts worldwide. With the partnership set to benefit both platforms and their users, it signals a positive development in the evolving landscape of decentralized finance.