As one of the leading fiat on/off-ramp integrations for Web3 and crypto platforms, Transak has quickly become an essential infrastructure layer for developers and users alike. In this interview, we speak with Sami Start, founder of Transak, about the company’s latest milestones, ongoing challenges, and broader vision for the future of cryptocurrency adoption.
Building Web3 In Miami
The conversation begins with Sami Start's perspective on building a Web3 company in Miami—one of the most crypto-friendly cities in the United States. He emphasizes the advantages of being based there, noting the abundance of venture capital, tech talent, and a fast-growing ecosystem that makes Miami a natural fit for launching and scaling a crypto-focused business.
"The people that come to Miami are a bit more open minded, smart and ambitious, I love it."
Sami Start, Founder of Transak
Sami also shared that Transak has seen over 3x revenue growth in the past year, and is actively looking to expand its local team. His plans to scale beyond Miami reflect the city’s momentum as a global crypto hub—and its potential to inspire similar innovation ecosystems in other regions.
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As a company focused on enabling users to buy and sell crypto directly within apps, Transak has become a vital part of the crypto ecosystem’s infrastructure. By offering a seamless and secure fiat on-ramp, it has helped lower the barriers to entry—making it easier for both individuals and businesses to participate in the world of digital assets.
One of the biggest challenges for new users entering the space is finding a reliable and user-friendly way to purchase or trade cryptocurrencies. Traditional exchanges often come with lengthy onboarding processes and steep learning curves. With the emergence of integrated fiat on-ramps like Transak, that friction has been dramatically reduced—helping to accelerate mainstream adoption.
"The fundamentals for us is to improve conversion rates, bring down costs, and make their delivery times more consistent."
Sami Start, Founder of Transak
Expansions Through Partnerships with Transak
In recent months, Transak has announced several high-profile partnerships, including an integration with Uniswap—one of the most widely used decentralized exchanges in the crypto space. This collaboration gives users seamless access to a broader range of cryptocurrencies, eliminating the need to navigate the often cumbersome processes of traditional exchanges.
Another major milestone is Transak’s partnership with Binance US, a leading cryptocurrency exchange in the United States. Sami Start shared his enthusiasm about the collaboration, noting that it further strengthens Transak’s presence in the North American market and reinforces its role as a trusted fiat on-ramp provider.
"Overall, we have more than 400 active partners now."
Sami Start, Founder of Transak
Phantom Wallet is also mentioned during the interview as a key partner for Transak. Phantom Wallet is a non-custodial wallet that allows users to securely store their cryptocurrency and easily access it for trading or transactions. This solidifies Transaks position in the market as they are now available in most of the major crypto wallets.
The Current State of The Crypto Market
It's no surprise that the current macroeconomic environment is causing a stir in the world of cryptocurrency. However, the upcoming stablecoins bill has Sami feeling bullish about the future, even in these challenging times. This will allow traditional finance giants like JP Morgan to issue digital currencies without legal hurdles. With that being said, Sami still believes there will be a need for their services.
"The second you have non-custodial access to stablecoins, that's when you need access to third part platforms like Transak."
Sami Start
Sami Start is projecting exciting growth in this area of crypto as legal barriers unlock and more institutions adopt digital currencies. This benefits Transak as it will allow them to expand their services and cater to a wider range of clients.
Stablecoins will become an essential tool for businesses and individuals alike, especially in international transactions. It eliminates the need for traditional banking systems and reduces fees and processing times and Transak is positioned perfectly to tap into this growing demand.
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Micro Improvements For Increasing Conversion Rates
To onboard users into the crypto ecosystem, there are friction points that cause hesitation or abandonment. By addressing these issues, companies can improve their conversion rates and attract more users. Sami Start shares how his team is constantly adjusting and changing Transak's user experience to improve conversion rates. These micro adjustments can lead to significant improvements in the long run.
Admittedly, the process can be complex as different countries require different levels of KYC/AML. Some countries may only require basic information such as name and email while others may require proof of identity and address. This means that companies need to carefully balance the level of information required for compliance purposes with providing a smooth and seamless user experience.
With that in mind, Transak still improves upon the traditional KYC/AML process by streamlining it and making it more efficient. By partnering with trusted compliance providers, Transak is able to verify users’ information in a quicker and more secure manner. This not only benefits businesses by reducing the risk of fraud but also benefits users who can complete transactions faster and with peace of mind.
Reusable KYC is also implemented across Transak partnered platforms. This means if a user completes this verification process on even just one of their four hundred plus platforms, they won’t have to do it again when they want to transact on another platform. This convenience adds value to users’ experience and encourages them to use Transak’s services more frequently.
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Final Thoughts
Transak sets themselves apart with a much more infrastructure focused approach. This intuitive experience supported with APIs, enables their partners to be much more flexible with what they can build and their users to transact seamlessly.
Blockchains are becoming a back-end consumer technology rather than the front end and Sami Start teases their partnerships to be announced with major Web2 companies. This creates a streamlined user experience for those not familiar with blockchain technology, and allows for greater adoption of cryptocurrencies in everyday transactions.
With Transak’s easy-to-use platform and growing list of partnerships, the future of cryptocurrency adoption looks promising. As more users are introduced to crypto through their daily interactions with traditional companies, the barriers to entry will continue to decrease. Transak is leading the way in mainstream adoption and we're excited to see what the future holds for this rapidly growing company.
