The First Fiat to ERC-20 On-Ramp is Live!
Transak and Totle partner to offer direct fiat to token transactions with a simple integration.
At Ethereum Denver, the Totle team built the very first USD to any ERC-20 on-ramp with Wyre and Totle’s API called DeFiat. In one seamless transaction, USD users could swap directly for any popular ERC-20 token while getting the best pricing available on the decentralized exchange market with Totle’s smart-order-routing system. We were awarded a bounty from Kyber for our invention and received a lot of encouragement from the community. Next, we began polishing it for a public launch.
However, we didn’t achieve our original goal: a tool that would enable you to swap any fiat currency into any ERC-20 in one, seamless transaction. Today, we have made a huge step towards achieving that goal.
We’ve partnered with Transak, a fiat on-ramp aggregator that provides a simple interface to purchase cryptocurrency with fiat currency, to fulfill our vision for DeFiat.
Currently, Transak offers 20+ different countries direct access to crypto from a bank account with GBP, INR, and EUR. Transak is rapidly expanding their offering and will soon add popular currencies like USD, CAD, YEN, and much more. Eventually, cryptocurrency users will finally have a way to use any fiat currency to purchase cryptocurrency easily.
Additionally, any product can easily integrate Transak to offer customers direct fiat to ERC-20 swaps at the best pricing available across the decentralized exchange market.
Transak is a single integration for applications to accept fiat-to-crypto deposits and withdrawals from a global user base. It does this by aggregating local compliance, payment methods, banking infrastructure and liquidity from around the world. The Transak product is a widget integration that can be integrated into an app in just a few lines of code. Transak is backed by Consensys and graduated from the Tachyon accelerator program.
To learn more about Transak, visit: https://transak.com/
To buy cryptocurrencies using your bank, visit: https://global.transak.com/
To integrate your own fiat on/off ramp, visit: https://transak.com/integrate
Visit Transak to Swap from fiat to any popular ERC-20 now: Transak
Add token swaps at the best pricing across the DeFi market to your product: Totle
Totle is a decentralized liquidity aggregator that automatically acquires users the best pricing available for ETH and ERC-20 swaps.