Transak has announced its integration with Zerion Wallet, becoming the exclusive on-ramp provider for the platform's new ZERϴ Network. The partnership aims to facilitate cryptocurrency purchases through local payment methods for Zerion's 550,000 users. The integration enables users to purchase cryptocurrencies using credit cards, debit cards, and bank transfers directly within the Zerion Wallet interface. Transak's infrastructure operates under FinCEN registration as a Money Services Business, maintaining ISO/IEC 27001 certification and SOC II compliance. ZERϴ Network, Zerion's Layer 2 rollup solution, implements zero-knowledge proofs for Ethereum scalability. The network utilizes a sponsorship model to eliminate gas fees for users. The system operates through Zerion Wallet's verification of user eligibility via Onchain DNA, a reputation system that determines transaction sponsorship based on user activity. "The elimination of gas fees represents a significant change in transaction accessibility," states Evgeny Yurtaev, CEO of Zerion. The integration positions Transak to support ZERϴ Network from its initial launch. To mark the partnership, both companies have initiated a promotion where Zerion Loyalty Program users outside the UK can purchase ETH on ZERϴ Network without fees through Transak. However, standard card processing and bank fees may still apply depending on the payment method. Sami Start, CEO of Transak, commented on the partnership's focus on reducing barriers to Web3 participation through the elimination of gas fees. Technical details of the integration include: Support for 170+ cryptocurrencies


Coverage across 160 countries


Integration with 75+ blockchain networks


EVM compatibility for the rollup solution The partnership reflects ongoing developments in blockchain infrastructure: Expansion of zero-fee transaction capabilities


Integration of traditional payment systems


Implementation of reputation-based transaction validation


Development of scalable Layer 2 solutions Transak's expansion continues with offices in: Miami (Headquarters)


Bengaluru (Tech Hub)


London


Milan


Dubai


Hong Kong Market analysts note that such integrations potentially influence broader cryptocurrency adoption patterns. The implementation of zero-fee structures and traditional payment methods may affect user behavior and transaction volumes across blockchain networks. Zerion Wallet currently provides access to over 60 DeFi protocols through its non-custodial platform. The wallet's integration with Transak expands payment options for users while maintaining security protocols and regulatory compliance. Industry observers suggest that partnerships between infrastructure providers and wallet services could impact the development of Layer 2 solutions and user onboarding processes in the cryptocurrency sector. The success of such integrations may influence future developments in blockchain payment systems and network scalability solutions. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Transak has announced its integration with Zerion Wallet, becoming the exclusive on-ramp provider for the platform's new ZERϴ Network. The partnership aims to facilitate cryptocurrency purchases through local payment methods for Zerion's 550,000 users. The integration enables users to purchase cryptocurrencies using credit cards, debit cards, and bank transfers directly within the Zerion Wallet interface. Transak's infrastructure operates under FinCEN registration as a Money Services Business, maintaining ISO/IEC 27001 certification and SOC II compliance. Transak ZERϴ Network, Zerion's Layer 2 rollup solution, implements zero-knowledge proofs for Ethereum scalability. The network utilizes a sponsorship model to eliminate gas fees for users. The system operates through Zerion Wallet's verification of user eligibility via Onchain DNA, a reputation system that determines transaction sponsorship based on user activity. "The elimination of gas fees represents a significant change in transaction accessibility," states Evgeny Yurtaev, CEO of Zerion. The integration positions Transak to support ZERϴ Network from its initial launch. To mark the partnership, both companies have initiated a promotion where Zerion Loyalty Program users outside the UK can purchase ETH on ZERϴ Network without fees through Transak. However, standard card processing and bank fees may still apply depending on the payment method. Sami Start, CEO of Transak, commented on the partnership's focus on reducing barriers to Web3 participation through the elimination of gas fees. Technical details of the integration include: Support for 170+ cryptocurrencies Coverage across 160 countries Integration with 75+ blockchain networks EVM compatibility for the rollup solution Support for 170+ cryptocurrencies Support for 170+ cryptocurrencies Coverage across 160 countries Coverage across 160 countries Integration with 75+ blockchain networks Integration with 75+ blockchain networks EVM compatibility for the rollup solution EVM compatibility for the rollup solution The partnership reflects ongoing developments in blockchain infrastructure: Expansion of zero-fee transaction capabilities Integration of traditional payment systems Implementation of reputation-based transaction validation Development of scalable Layer 2 solutions Expansion of zero-fee transaction capabilities Expansion of zero-fee transaction capabilities Integration of traditional payment systems Integration of traditional payment systems Implementation of reputation-based transaction validation Implementation of reputation-based transaction validation Development of scalable Layer 2 solutions Development of scalable Layer 2 solutions Transak's expansion continues with offices in: Miami (Headquarters) Bengaluru (Tech Hub) London Milan Dubai Hong Kong Miami (Headquarters) Miami (Headquarters) Bengaluru (Tech Hub) Bengaluru (Tech Hub) London London Milan Milan Dubai Dubai Hong Kong Hong Kong Market analysts note that such integrations potentially influence broader cryptocurrency adoption patterns. The implementation of zero-fee structures and traditional payment methods may affect user behavior and transaction volumes across blockchain networks. Zerion Wallet currently provides access to over 60 DeFi protocols through its non-custodial platform. The wallet's integration with Transak expands payment options for users while maintaining security protocols and regulatory compliance. Industry observers suggest that partnerships between infrastructure providers and wallet services could impact the development of Layer 2 solutions and user onboarding processes in the cryptocurrency sector. The success of such integrations may influence future developments in blockchain payment systems and network scalability solutions. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

This story contains new, firsthand information uncovered by the writer.

The writer was physically present in relevant location(s) to this story. The location is also a prevalent aspect of this story be it news or otherwise.

Hot off the press! This story contains factual information about a recent event.

FIFA and Mythical Games Partner to Launch Mobile Football Game 'FIFA Rivals'

Twin Protocol CEO Stacey Engle on Building AI Digital Twins with Blockchain Technology

Read My Stories

Too Long; Didn't Read

Make resilience your competitive advantage

Transak Partners with Zerion Wallet, Integrates with ZERϴ Network

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

$2M Backing and a Vision: How GAM3S.GG is Reshaping Web3 Gaming

(1/100) Crypto Countdown: Golem

A Research Report on the Trader $JOE DeFi Platform

07/03/2018: Biggest Stories in the Cryptosphere

05/02/2018: Biggest Stories in the Cryptosphere

$2M Backing and a Vision: How GAM3S.GG is Reshaping Web3 Gaming

(1/100) Crypto Countdown: Golem

A Research Report on the Trader $JOE DeFi Platform

07/03/2018: Biggest Stories in the Cryptosphere

05/02/2018: Biggest Stories in the Cryptosphere

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps