RocketX Partners with Transak to Ease Fiat On-Ramping

RocketX enters into a strategic partnership with Transak to ease on-ramping of 130+ digital assets across 125+ countries!

On-ramp is a service that enables customers to purchase cryptocurrencies using fiat money. Since fiat exchange is the easiest way to get access to cryptocurrencies, fiat-on-ramps interface with regional payment and card processors to give users the smoothest onboarding procedure. Onramps are, in a sense, your gateway into the cryptosphere.

At RocketX, consumers may now pay using fiat money and receive crypto assets almost instantly in return!

Additionally, by allowing KYC (Know Your Customers) solutions and developing risk management systems that help keep the system clean, fiat on-ramps like Transak shield the system from malicious actors & being fully compliant.

Benefits of Transak Integration: On-ramping Directly on RocketX dApp

Decentralized finance (DeFi) still accounts for billions in cryptocurrency transactions, while being unfamiliar to the majority of mainstream consumers. Most DeFi traders and investors often purchase their cryptocurrency on a centralized exchange first, then move it to a self-custody DeFi wallet.

However, as users get more accustomed and at ease with DeFi, the opportunity to on-ramp within dApps and DEXs is growing more enticing given the uncertainties surrounding centralized institutions.

RocketX the only solution out there that helps user trade across CEX & DEX while having 100% ownership of digital assets. RocketX’s collaboration with Transak provides consumers with a practical solution to avoid dependency on CEXs and purchase crypto assets directly through RocketX’s decentralized app (dApp).

A strong and adaptable on-ramp solution from Transak will be essential for bringing new consumers onto the cryptoverse. We are thrilled to integrate Transak into RocketX and help users own their digital assets end-to-end right from step one. The users of RocketX are always in control of their cryptocurrency, from the moment they convert from fiat to crypto through trading on prominent CEXs and DEXs via their decentralized wallet.

Davinder Singh

Co-founder & CTO, RocketX

In the aftermath of FTX, and the consequent trust-crisis that CEX are experiencing, at Transak we feel that we are at a turning for DeFi and decentralisation in general: more and more people are realising the benefits of having full custody of their assets. That’s why we are very excited to partner up with RocketX which is the perfect entry point for newbies, offering the best of both worlds from CEXs and DEXs, without sacrificing on self- custody and decentralisation.

Alessandro Raboni

Head of Growth, Transak

About Transak

Transak is a leading Web3 onboarding infrastructure provider. Its API-driven solutions enable web3 platforms to onboard users to 130+ crypto assets from 125+ countries, abstracting away the complexity of user KYC, risk monitoring & compliance, payment methods and customer support. Transak is backed by top VCs, including Consensys, Animoca Brands and graduated from the Tachyon accelerator program. Connect with Transak on Twitter or LinkedIn, or visit https://transak.com/ for more information.

About RocketX

RocketX is the most advanced hybrid CEX & DEX aggregator that makes it easy to compare prices across 250+ exchanges to help traders with best prices with every Swap while enjoying 100% ownership of their digital assets.

For dapps & institutions, we act as a middleware by simplifying access to global crypto liquidity via a single API for in-app crypto swaps with best prices and 1-click cross chain capabilities.

We are on a mission to enhance interoperability between blockchains and drive mass adoption of crypto by simplifying access to all leading blockchains via single UI and API.

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