LogX Integrates Transak One Solution for Streamlined Fiat Support
The post LogX Integrates Transak One Solution for Streamlined Fiat Support appeared on BitcoinEthereumNews.com.
Transak and LogX Network have entered into a strategic partnership to simplify onboarding and trading using Transak One, a hybrid fiat-to-smart-contract on- and off-ramp. This upgrade enhances the liquidity ecosystem for LogX across all 50+ blockchains it is running on. Sequoia-backed LogX integrates Transak One LogX Network, a new-gen decentralized perpetuals trading platform on Ethereum’s dominant L2 Arbitrum, announces integration with crypto-to-fiat payments processor Transak. This partnership brings Transak’s user-friendly and innovative Transak One solution to LogX’s platform, enabling traders worldwide to seamlessly purchase and directly deposit funds into smart contracts. Fragmented liquidity is under one roof of LogX✨ Our mission to unify across 50+ chains is underway! With 13+ EVM & Non-EVM compatible chains already live—including Arbitrum, Base, Mantle, Scroll, SEI, Kroma, Taiko, Optimism & BTC L2s like BOB—Solana, Ton & more are coming soon. pic.twitter.com/XYPtk48UrY — LogX 🪵 (@LogX_trade) November 18, 2024 For LogX users, instead of the usual multi-step process of buying ETH, swapping for USDC (while retaining ETH for gas), and then depositing USDC into the trading account, Transak One condenses the process into one step — users can directly deposit USDC into their trading account using fiat payments instruments. With Transak One now integrated as the exclusive on-ramp of the LogX platform, the trading experience becomes significantly smoother. Users can purchase cryptocurrencies directly with fiat currencies in just a few clicks, removing the complexity of external wallets or exchange transfers. Akshit Bordia, cofounder of the LogX Network, highlights that the integration unlocks an entirely new frontier for DeFi traders in the EVM ecosystem and beyond: With Transak’s industry-first fiat-to-smart contract capabilities, users can onboard instantly and access our gasless, high-performance trading ecosystem. By integrating the best Web3 payments solution, we’re ensuring a smoother entry into DeFi for traders worldwide, delivering on our promise of efficiency,…
Filed under: News - @ November 29, 2024 1:20 am