Transak, a global cryptocurrency on-ramp, has partnered with Ronin Network, a gaming-focused blockchain developed by Sky Mavis, to simplify fiat-to-crypto transactions and non-fungible token (NFT) purchases.
The partnership will allow gamers to access Ronin’s ecosystem using familiar payment methods like credit cards and Apple Pay and will enable direct fiat-to-NFT purchases via Transak’s NFT Checkout service.
Ronin users will be able to purchase the network’s native Ronin (RON) token, USD Coin (USDC), Wrapped Ether (WETH) and Smooth Love Potion (SLP) with credit cards, debit cards and localized payment options.
Etienne Gandon, partnerships manager at Transak, told Cointelegraph that gamers on Ronin need access to onchain assets, in-game tokens and NFTs “to fully engage with their games.”
NFT checkout service
A central feature of the collaboration is the integration of Transak’s NFT Checkout service into Mavis Market, Ronin’s official NFT marketplace.
The NFT Checkout service will allow users to purchase digital assets directly with fiat currency, eliminating the requirement of pre-purchasing cryptocurrencies to manage onchain transactions.
Gandon described the service as “unequivocally the most advanced fiat-to-NFT solution in the market,” featuring the ability to purchase multiple NFTs in a single transaction and buying limits as low as $0.01.
“NFTs are highly underrated as most people do not yet completely realize their trust potential,” Gandon said. “NFTs enable true digital ownership [...] beyond utility, NFTs also enhance social identity and community engagement.”
Transak outlook on 2025
Gandon said Transak expects blockchain gaming platforms to increasingly simplify blockchain complexities in 2025.
This would mean an increase in gamers being able to interact with games without having to “manage separate accounts, pay gas fees directly, or handle complex onchain transactions.”
The Transak partnership manager also said that the firm has plans to continue pushing for the abstraction of blockchain complexity and “will continue to add new blockchains based on demand from the ecosystem and users.”
Data breach exposes 92,000 users
In October 2024, Transak disclosed that it had been hit with a data breach that affected 92,000 users, whose “specific user information stored within the vendor’s dashboard” was leaked.
The company said a malicious actor accessed an employee’s laptop through a phishing attack and logged in to the system of a third-party Know Your Customer vendor.
The data breach exposed sensitive user information used for document scanning and verification services, including names, dates of birth, passports, driver’s licenses and selfies of 92,554 users.
Magazine: Trash collectors in Africa earn crypto to support families with ReFi
