Transak is a fiat->to->crypto integration for applications and wallets to allow users to deposit and withdraw fiat from within their application that uses crypto. We launched our product at ETH Denver this year and got a great response. Transak also had recent mentions in the news because it is is the first fiat on-ramp of it's kind in India. Transak is backed by Consensys and graduated from their Tachyon accelerator program.

Homework

• [ ] Do this:

Invest in Decentralised Finance and earn using Transak

• [ ] And try some more DApps here (click on ETH in the protocols top bar to filter to only Ethereum DApps):

DappRadar - Ranked list of blockchain dapps

Key Terms/things to know

What is cryptocurrency? | Coinbase

Smart Contracts: The Blockchain Technology That Will Replace Lawyers

Decentralized Applications - dApps

Problem - it's hard for normal people to use blockchain applications

https://www.youtube.com/watch?v=eaSZg5nR-N4

Solution - Transak integrates into apps and allows users to onboard with fiat

https://www.youtube.com/watch?v=cKvICX1Mp4k

Customer Segments

• Decentralised Apps (especially Decentralised Finance)
• Wallets
• Blockchain protocols that want to sell their token to increase adoption, eg. zilliqa.com

Impact

Our customers' apps can now be accessed by a mainstream audience, who don't previously own crypto. This leads to increased adoption for the apps. For end users this means access to better financial services and other applications. Other use cases include, hedging volatility in local currency (e.g. Venezuela), remittance (e.g. India) or allowing new innovations in finance such as fractional ownership of securities, streaming payments or USD-denominated bank accounts in other countries.