Transak Partners with Zengo to Simplify Crypto Acquisition and Security
Transak, a leading fiat-to-crypto gateway solution provider, has formed a strategic partnership with Zengo, a self-custodial crypto wallet known for its strong seed phrase security features. This collaboration aims to streamline the process of purchasing and safeguarding cryptocurrencies, enhancing ease of use and security for users.
Understanding the Transak-Zengo Collaboration
The Transak-Zengo collaboration is centered around the shared commitment of both platforms to improve the ease and security of crypto acquisition for end-users. Zengo, as the first consumer-focused multi-party computation (MPC) wallet with institutional-grade security, offers advanced biometrics and threshold signature technology for enhanced crypto security. With Transak’s Multi-Level KYC system, Zengo users can easily acquire cryptocurrencies while bypassing the risks associated with seed phrases.
- Zengo users can acquire cryptocurrencies with just a few taps
- Transak’s Multi-Level KYC system enhances user experience by streamlining onboarding
- Users can securely store their assets in the non-custodial Zengo wallet
- Transak offers over 20 payment options for Zengo wallet users
What the Collaboration Brings to the Crypto Market
The partnership between Transak and Zengo brings accessibility and security to the forefront of the crypto landscape. By combining Transak’s efficient acquisition experience with Zengo’s seamless storage and usage capabilities, both companies aim to democratize crypto and provide users with a holistic crypto journey.
“At Transak, we believe everyone should be able to access cryptocurrencies. While ease of access is crucial, security is undeniably important in an ownership-based financial landscape. Our partnership with Zengo is a great inflection point of secure and easy crypto access for the masses.” – Yeshu Agarwal, Transak CEO
“Integrating Transak into Zengo was a natural progression for us, as both companies share a common vision of making cryptocurrencies more accessible. While Transak excels in providing an efficient acquisition experience, Zengo complements this by focusing on seamless storage and usage. This integration is a perfect alignment of our complementary strengths, aiming to offer our users a holistic crypto journey.” – Ouriel Ohayon, CEO of Zengo
Hot Take: Enhancing Accessibility and Security in Crypto
The partnership between Transak and Zengo signifies a significant step forward in simplifying crypto acquisition and fortifying security measures. By combining their expertise, these platforms aim to make cryptocurrencies more accessible to users while ensuring their assets are securely stored. This collaboration highlights the importance of accessibility and security in the crypto market and sets a precedent for future advancements in the industry.
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