Transak now offers the ability for dApps to let their users directly on-ramp from fiat into an on-chain protocol in just one step. This makes it even easier for DeFi, crypto games or any dApp using on-chain protocols to be more accessible to mainstream users.

Problem

Usually if a user wants to use a dApp they have to make five transactions:

  1. Purchase the native cryptocurrency with fiat to pay for transaction fees
  2. Purchase the specific token required for the dApp with either fiat or native cryptocurrency
  3. Send both cryptocurrencies to their personal wallet
  4. Trigger an approval transaction to give the dApp permission to use their tokens
  5. Then finally interact with the dApp protocol using their wallet

Each of these steps requires technical understanding, takes time, and charges transaction fees. This complexity unfortunately makes a lot of dApps user unfriendly.

Our solution

Transak One is a direct to protocol fiat on-ramp solution that hides the blockchain complexity from the user and combines all five transactions into just one step for the user.

The user just needs to go through our quick and simple KYC once, then each time they want to on-ramp to a supported dApp they only need to enter their wallet address and pay by credit/debit card, Apple Pay, bank transfer or local payment method. That’s it.

Behind the scenes we combine and perform all of the required transactions, transferring the crypto as well as initiating and interacting with the dApp protocol smart contracts on behalf of the user.

The user can then interact with the dApp via their wallet as normal, as if they had interacted with the smart contracts themselves.

Transak can be integrated into any website or app for users to on-ramp directly to supported dApps. Adding support for a new dApp is a straightforward process that can be done in just a few days.

1-click into Protocol On-ramp (2).png

Use cases

Transak One on-ramping can improve the user experience of any dApp that requires users to deposit crypto with it. It’s particularly helpful for dApps that are targeting mainstream users.

Some example use cases: