Bloom’s integration with Transak enables users to easily purchase IOTA from their wallets, enhancing accessibility and utility.
With the increasing demand for seamless fiat-to-crypto onboarding options, Bloom’s collaboration with Transak allows users from 170 countries to easily buy cryptocurrency through its desktop wallet.

In the latest development, the Bloom wallet has announced its integration with global web3 payment and onboarding infrastructure provider Transak. This development will further help in expanding the availability and usability of IOTA.

As per the latest development, Bloom has integrated Transak onto its platforms for Windows, Mac, and Linux, enabling users to purchase IOTA directly from their wallets. Bloom serves as a secure hub for wallet operations, facilitating token and NFT trading. Besides, it also helps in exploring new decentralized applications (dApps), and optimizing decentralized finance (DeFi) investments.

Great news for @bloomwalletio! Expanding the usability & availability of $IOTA https://t.co/IQlIG8JsL0

— IOTA (@iota) March 26, 2024

In light of the recent surge in cryptocurrency interest sparked by Bitcoin’s ETF listing, convenient fiat-to-crypto onboarding routes have become increasingly crucial. Through its collaboration with Transak, Bloom now offers users in 170 countries the ability to buy cryptocurrency seamlessly via its desktop wallet.

Positioned to cater to the upcoming wave of users, Bloom delivers a sophisticated yet user-friendly wallet experience. Initially supporting IOTA, Shimmer, and Shimmer EVM, Bloom plans to expand its offerings to include Bitcoin, Ethereum, Polygon, and major Ethereum Virtual Machine (EVM) Layer 1s and Layer 2s in the future. Speaking on the development, Bloom’s Co-Founder, Charlie Varley, said:

“Transak provides a seamless onboarding route for our users to purchase IOTA from Bloom. For the IOTA ecosystem, this is a much-welcomed integration that helps improve liquidity and enhance accessibility for IOTA.”

More About the IOTA Bloom Wallet and Transak

Last year, IOTA’s firefly team unveiled the Bloom wallet, thereby introducing some key features for the Shimmer ecosystem, as reported by Crypto News Flash. Bloom serves as a secure wallet hub, facilitating token and NFT trading, exploring new decentralized applications (dApps), and optimizing DeFi investments. Tailored for the upcoming wave of cryptocurrency users, Bloom offers a sleek alternative to cumbersome browser extensions.

Furthermore, as reported by Crypto News Flash, Bloom’s core objective is to develop a unified application that encompasses all aspects of the IOTA ecosystem. This integrated app will combine Shimmer, IOTA, and Shimmer EVM, offering users a complete wallet experience in one platform.

On the other hand, Transak serves as a global infrastructure provider for web3 payments and onboarding, facilitating seamless transitions between traditional finance and cryptocurrency assets. Through Transak, web3 platforms can integrate user-friendly onboarding processes, allowing users from over 160 countries to buy or sell crypto assets. Transak simplifies the complexities of user KYC, risk monitoring, compliance, payment methods, and customer support.

Transak’s product suite includes robust fiat-to-crypto services (On/Off-Ramps), a fiat-to-smart-contract solution (Transak One), and a fiat-to-NFT checkout solution. As a regulated, non-custodial payments layer, Transak supports onboarding to over 170 crypto assets across more than 75 blockchains.

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Filed under: Bitcoin - @ March 26, 2024 12:20 pm