Provider of Web3 payment solutions Alisa Davidson Announced its partnership with a non-custodial wallet. April 30, 2025 This collaboration was made possible by Meld, a worldwide orchestration platform for on-ramp and off-ramp services. By merging their expertise, these three players aim to simplify engagement with digital assets, paving the way for wider acceptance of Web3 technologies.

"We are excited to collaborate with Phantom, merging our innovative payment systems with their outstanding wallet functionality,\" expressed Sami Start, CEO of Transak, in a written statement. \"This partnership emphasizes our goal to enable financial independence and empower users around the globe to interact with digital assets effortlessly,\" he added.

Phantom has cemented its status as a frontrunner in the non-custodial wallet arena, boasting millions of users across over 100 countries. In November 2024, it received significant acclaim, ranking among the top applications on the Apple App Store, outpacing well-known platforms like Instagram, WhatsApp, and TikTok. Initially crafted for Solana, Phantom has since expanded its reach to include Ethereum, Polygon, and Bitcoin, fostering multi-chain compatibility.

Know More Know More Read More Read more The integration has already yielded notable results. A recent update from Transak revealed that transactions involving Solana (SOL) on their platform surged by 400% within just seven weeks of the partnership. This growth underscores the synergy between Phantom's user-friendly wallet and Transak's robust payment system, enhancing the experience for users in the Solana ecosystem and beyond.

Transak and Phantom Collaboration: Essential Features

Accessible to Transak users worldwide, this integration presents unparalleled convenience and flexibility. Users in the UK and EU can now purchase up to $75,000 per transaction, significantly enhancing the experience for high-value cryptocurrency buyers. Concurrently, users in the US and various international regions benefit from a broader selection of payment options and elevated purchasing limits, further facilitating access to Web3 technologies.

With more than 20 local and international payment methods available, including bank transfers, credit cards, and other popular options, this partnership caters to a wide range of user preferences. This ensures a smooth transition from fiat to crypto, accommodating both seasoned investors and newcomers to the digital asset world.

Transak's tiered Know Your Customer (KYC) process permits new users to get started with just basic details, such as a name and email address, while adhering to strict regulatory requirements.

Widely regarded as the go-to wallet for Solana enthusiasts, Phantom has bolstered its leadership within the ecosystem through its partnership with Transak. In the weeks following the launch, SOL purchases through Transak on the Phantom wallet saw a dramatic fourfold increase, now accounting for 75% of Transak’s overall Solana transactions.

This collaboration is crucial for accelerating the global adoption of cryptocurrency, particularly in expanding domains such as decentralized finance (DeFi), non-fungible tokens (NFTs), and meme-based assets. Whether users are acquiring trending assets like BONK or delving into emerging blockchain innovations, Transak and Phantom ensure an intuitive experience backed by local payment integration and user-friendly features designed to simplify the process.