Phantom, the widely popular non-custodial wallet, has taken another leap in enhancing Web3 accessibility through its partnership with Transak, a leading Web3 payment infrastructure provider. This collaboration is already driving transformative growth in the crypto ecosystem, particularly for Solana users.
Phantom’s Dominance in the Wallet Market
Phantom has solidified its position as a top-tier multi-chain wallet, attracting millions of users across 100+ countries. In November 2024, it achieved a significant milestone by ranking among the top apps on the Apple App Store, surpassing household names like Instagram and TikTok. Initially tailored for Solana, Phantom now supports Ethereum, Polygon, and Bitcoin, cementing its role as a key player in the multi-chain Web3 landscape.
The integration of Transak into Phantom Wallet has delivered immediate results. Solana (SOL) transactions on Transak surged by an impressive 400% within seven weeks of the launch. This exponential growth highlights the synergy between Phantom’s user-friendly wallet and Transak’s robust fiat-to-crypto payment infrastructure.
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Enhanced Features of the Partnership
Global High-Transaction Limits
UK and EU users can now purchase up to $75,000 worth of crypto per transaction.
U.S. and international users enjoy expanded payment options and increased purchase limits, enhancing Web3 accessibility worldwide.
Diverse Payment Options
Over 20 local and global payment methods are supported, including bank transfers, credit cards, and other popular choices, ensuring a seamless user experience.
Simplified Onboarding
Transak’s flexible KYC process allows new users to start with minimal details, such as a name and email, while maintaining stringent compliance standards.
Phantom has long been the wallet of choice for Solana users, and this partnership further solidifies its dominance. Since the integration, SOL purchases through Transak on Phantom have quadrupled, now accounting for 75% of Transak’s total Solana volume. This surge reflects the growing popularity of the wallet and its role in expanding Solana’s ecosystem.
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Bridging Web3 to the World
The Phantom-Transak collaboration simplifies crypto adoption for global users, particularly in emerging markets for DeFi, NFTs, and meme coins. Whether purchasing tokens like BONK or exploring the latest blockchain trends, users benefit from seamless access powered by local payment options and intuitive features.
“We are thrilled to partner with Phantom, combining our innovative payment infrastructure with their exceptional wallet experience. This integration underscores our mission to provide financial freedom and empower users worldwide to engage with digital assets effortlessly,” said Sami Start, CEO of Transak.
About Transak
Transak is a leading Web3 payments infrastructure provider, serving over 8 million users in 160 countries. Its API-driven solutions include fiat-to-crypto on/off-ramps, NFT checkouts, and tools that simplify compliance, payments, and customer support for over 350 platforms. Headquartered in Miami, Transak operates globally with offices in London, Milan, Dubai, Hong Kong, and a tech hub in Bengaluru.
For more information, visit transak.com or follow Transak on X and LinkedIn.
