The post Transak Introduces Wire Transfers Support for Crypto Purchases in US appeared on BitcoinEthereumNews.com.

Leading Web3 payments infrastructure provider Transak has officially introduced wire transfers as a new payment option for US customers to buy cryptocurrency. For crypto aficionados throughout the country, the addition of wire as a payment option for purchases is a significant step toward improved accessibility and convenience. Transak has redefined user choice and freedom by becoming the first and only fiat-to-crypto on-ramp to allow this payment option. Wire transfers were added by Transak to provide more flexible payment options, enhancing the customer experience overall. Transak wants to make sure that everyone can find a comfortable way to conduct cryptocurrency transactions by supporting universal accessibility across a range of currencies and payment methods. Wire transfers are often associated with bank transactions for customers in the United States, therefore this innovation fits in well with their financial practices. Notably, Transak wire transfers have already shown to be a popular choice for high-value transactions. With a $2,000 minimum order requirement, wire transfers have an average order value that is 16 times larger than other payment options on the platform. This contrast emphasizes how wire transfers may make large cryptocurrency investments possible. Since its launch, wire transfers have attracted a lot of attention from Transak’s partner network; 13 partners, including Binance.US, have joined. The affordability of wire transfers on Transak is among its most alluring features. For a little 1% charge, wire transfers are a much more cost-effective choice when considering US payment options like credit cards and Apple Pay. Yeshu Agarwal, Co-Founder, Transak stated: “Being the first to offer wire transfers for crypto purchases is a significant milestone for Transak. This achievement reflects our commitment to innovation and providing our users with more convenient and secure payment options. We’re thrilled to lead the way in expanding accessibility and enhancing the user experience in the crypto…

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Filed under: News - @ August 7, 2024 1:26 am