Transak, a leading provider of Web3 payments infrastructure, has become the first company to offer wire transfers as a fiat-to-crypto on-ramp for users in the United States.
This milestone allows crypto users in the largest economy in the world to easily deposit funds into their digital asset accounts using wire transfers for the first time.
According to Sami Start, co-founder and CEO of Transak, the introduction of wire transfers as a payment option could increase crypto adoption and make it more accessible to the mainstream.
This is because wire transfers are a familiar and secure payment method that many users in the US are already comfortable with.
Start explains:
“Wire transfers are one of the most common and trusted methods for transferring funds, and most US users are already familiar with how the wire transfer system works.”
