Transak and Unstoppable Domains will seamlessly integrate within the Pitaka, the digital wallet developed by Filipino-led web3 firm Tetrix, providing customers with a simple and convenient way to buy crypto
Pitaka, a Filipino-developed digital wallet, has announced a new partnership with Transak, making it possible for users to purchase cryptocurrencies directly with Philippine Peso and pay using various methods such as debit cards, credit cards, GCash, Maya, GrabPay, and ShopeePay within the app. Tetrix, the company behind Pitaka, aims to make buying crypto more accessible for its users.
Pitaka is a self-custodial digital wallet that allows users to store and interact with their crypto assets, NFT marketplaces, decentralized autonomous organizations (DAOs), and decentralized finance (DeFi) applications. With the integration of Transak, users can now buy crypto within the Pitaka app without the need to switch to another service or go through multiple steps.
Transak is a Web3 infrastructure provider that enables applications to accept fiat-to-crypto deposits from a global user base. It is known for its API-driven solutions that enable web3 platforms to onboard users to more than 130 crypto assets from more than 125 countries and is backed by top venture capital investors including Consensys and Animoca Brands.
“Transak is a trusted and reliable provider of fiat on-ramp services with a track record of successful partnerships with leading cryptocurrency companies. The integration of Transak’s fiat on-ramp is a key step in Pitaka’s mission to make it easy for users to buy, sell, and use cryptocurrencies,” said Ralph Acabado, Founder and Chief Operating Officer of Tetrix.
The integration of Transak’s fiat on-ramp support, allows Pitaka to offer a more seamless onboarding experience for its users and make buying and using crypto more accessible, as they strive for mainstream adoption.
How to use Transak within Pitaka
To add crypto to your Pitaka with Transak:
- Login into the Mobile Pitaka App.
- Navigate to the “Buy” section of the Pitaka platform.
- Select the cryptocurrency that you want to purchase and enter the amount that you want to buy.
- Follow the prompts to complete the Transak payment process. This may include entering your personal and financial information, as well as any additional security measures required by Transak.
- Once the payment has been completed and verified, the purchased cryptocurrency will be credited to your Pitaka account.
Custom wallet address names
To make crypto transactions more user-friendly, Tetrix, the company behind the digital wallet Pitaka, has partnered with Unstoppable Domains to give its users the option to use human-readable domain names when buying or sending crypto assets. This makes it simpler and more intuitive to transact with cryptocurrency.
Unstoppable Domains is a platform that allows users to create and use a special kind of website address called “crypto domains.” These domains are stored on a blockchain, which means they can’t be taken down or censored by anyone, and they belong to the holders forever. With this integration, Pitaka users will be able to purchase crypto wallet address names provided by Unstoppable Domains and use them to send and receive crypto or other digital assets instead of sharing a long and confusing wallet address.
“NFT domains provide a secure and user-friendly way to store and manage non-fungible assets on the blockchain. They are easy for users to understand and use because they use a standard domain name format,” said Ralph Acabado, Founder and Chief Operating Officer of Tetrix.
Pitaka is committed to providing a seamless and secure experience for its users, and the partnership with Transak and Unstoppable Domains is an important part of this effort. By providing its users with an easy and convenient way to transact with cryptocurrency and promoting the use of decentralized technologies such as blockchain and cryptocurrency, Pitaka aims to make crypto accessible for more people.
