Zengo Users Can Now Buy Cryptocurrencies via Transak

Miami, Florida, February 22nd, 2024, Chainwire

Transak, a leader in fiat-to-crypto gateway solutions, is thrilled to announce its strategic integration with Zengo wallet, the pioneering self-custodial crypto wallet with no seed phrase vulnerability. This collaboration marks a significant stride in simplifying and securing the process of buying and storing cryptocurrencies.

At the core of this integration lies the promise of efficient crypto acquisition for end-users — a major focus area for Transak and Zengo.

Starting today, Zengo users can experience the unparalleled convenience of purchasing crypto in just a few taps with the help of Transak’s Multi-Level KYC system and store it securely in their non-custodial Zengo wallet while bypassing the vulnerabilities of seed phrases.

Transak's Multi-Level KYC system is crafted to elevate the user experience, streamlining the onboarding process for mainstream users. It offers a spectrum of verification processes, ranging from Lite KYC, which enables users to get onboard in as little as 30 seconds, to Enhanced KYC, which allows for high-value transactions up to $75,000.

By eliminating lengthy onboarding processes, Transak and Zengo are setting a new standard for ease of access and security in the crypto market. The goal is to make crypto acquisition efficient while ensuring secure storage.

Transak has established a reputation for reliability and trustworthiness, evidenced by its impressive Trustpilot rating of 4.1, based on over 20,000 reviews and catering to a diverse global customer base of over 4.5 million.

“At Transak, we believe everyone should be able to access cryptocurrencies. While ease of access is crucial, security is undeniably important in an ownership-based financial landscape. Our partnership with Zengo is a great inflection point of secure and easy crypto access for the masses,” said Yeshu Agarwal, CTO of Transak.

Zengo has always prioritized convenience while doubling down on security — Established in 2018, Zengo was the first consumer-focused MPC wallet to offer institutional-grade security to regular users.

Zengo's no-seed-phrase wallet architecture stands at the forefront of crypto security. Leveraging state-of-the-art biometric and threshold signature technologies, Zengo provides a secure environment for users to store their digital assets, free from the risks associated with traditional seed phrases.

Zengo, too, has earned notable recognition for its product delivery, as reflected in its impressive Trustpilot rating of 4.2 and a Capterra rating of 4.7. These ratings testify to Zengo's commitment to excellence and customer satisfaction in the digital wallet space. With a robust and steadily growing user base of over 1 million, Zengo continues to set high standards in the industry, reinforcing its position as a trusted and reliable choice for crypto enthusiasts and users worldwide.

Transak supports over 20 payment methods, including popular choices like Google Pay and Apple Pay, as well as various localized payment options.

Understanding the diverse needs of its global user base, Transak offers more than 20 payment options for Zengo wallet users, catering to both global and local preferences. In addition to widely used methods like Google Pay and Apple Pay, Transak supports various localized payment methods, ensuring users worldwide can access cryptocurrencies in the most convenient way possible.

"Integrating Transak into Zengo was a natural progression for us, as both companies share a common vision of making cryptocurrencies more accessible. While Transak excels in providing an efficient acquisition experience, Zengo complements this by focusing on seamless storage and usage. This integration is a perfect alignment of our complementary strengths, aiming to offer our users a holistic crypto journey," said Ouriel Ohayon, CEO of Zengo.

About Transak

Transak is a leading Web3 onboarding infrastructure provider. Its API-driven solutions enable Web3 platforms to onboard users from 150+ countries to crypto while abstracting the complexity of user KYC, risk monitoring & compliance, payment methods and customer support. Transak's on/off-ramp widget can be integrated into an app in just a few lines of code. Transak is a product of the Tachyon accelerator program and is backed by top VCs including Consensys and Animoca Brands.

For more information, visit transak.com or follow on twitter.com/transak

About Zengo Wallet

Zengo is the most secure crypto wallet: Self-custodial, never hacked. Zengo has no seed phrase vulnerability, instead using MPC cryptography and a 3-factor secure recovery model. Unlock even more security features such as Legacy Transfer, the industry's first self-custodial inheritance-like system, Theft Protection, and an advanced Web3 Firewall with Zengo Pro. Enjoy 24/7 in-app customer support and join over 1 million customers to buy, trade, and secure crypto and NFTs.

Visit www.zengo.com or follow Zengo on https://twitter.com/ZenGo.