Crypto gateway Transak integrates WazirX to power INR fiat on-ramp

Transak is backed by Consensys and graduated from the Tachyon accelerator program...

Transak, a fiat-on/off-ramp for decentralized applications, announced today that it has integrated WazirX, to powered Indian rupee on-ramp transfers. Transak aggregates fiat on-ramps and provides a single integration for developers to accept any fiat currency; directly within their existing apps.

“One of the important aspects to growing the crypto ecosystem in India is to involve more partners. With the Transak partnership, it’s WazirX’s first foray into third-party partnership. We’ll continue to work towards providing fiat on-ramps for the right partners in the future. Transak aims to provide an easy on-ramp for DeFi and WazirX is glad to be helping them in this mission.”
– WazirX CEO, Nischal Shetty

Acquired by Binance last year, WazirX is a reliable deposit/withdraw method for INR in India.

“Fiat on-ramps play a critical role in deciding the size and adoption of the crypto market. We’re excited that Transak aggregates our liquidity and offers integration to dApps to access this.”
– WazirX COO, Siddharth Meno

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