In a significant stride towards making blockchain-based digital assets more accessible to the Indian population, Transak, a global leader in Web3 On-Ramping solutions, has joined forces with Okto, Transak, recognized for its robust Web3 onboarding infrastructure, resonates with Okto’s vision of bringing DeFi to Indian and Global user base in an easily accessible, safer and compliant package. This aligns closely with Transak’s vision of onboarding a billion users to Web3.
Through Transak’s incorporation into Okto, individuals in India and over 155+ countries can easily obtain more than 160+ digital assets and make payments using credit cards, bank transfers, or over 20 other local payment options. This partnership’s significance lies in its ability to remove the typical challenges associated with purchasing crypto assets , especially for newcomers to the digital asset arena. By enabling transactions through established local payment networks, Transak and Okto are not just improving the accessibility but also promoting the wider adoption of blockchain-based digital assets in India.
“Okto’s vision is to offer easier access to a wide range of tokens across multiple chains, enabling users to trade seamlessly, pay gas fees in any token, and enjoy convenient and efficient transactions through a single wallet. Integrating Transak into Okto will bring seamless fiat-to-crypto conversions right within the app, making it a game-changer for Okto users in India. This partnership solidifies Okto as a powerful tool for navigating the world of DeFi.” said Neeraj Khandelwal, Co-founder, Okto and CoinDCX.
“Integrating on Okto reinforces our ambition to offer smooth, safe, and user-focused solutions in India’s digital landscape. This is a pivotal movement for us to further the growth of the digital assets industry in India,” said Sami Start | Co-founder & CEO, Transak
CoinDCX, known for its vast user base of over 14 million in India, continues to spearhead initiatives that bridge the gap between Web3 and the masses. This is a tailwind for Okto’s user base amassing over 150,000 downloads as of October 2023.
Hence, the collaboration with Transak, which also holds a significant footprint in the global fintech arena, is expected to have a considerable positive impact on the Indian digital asset market.
The user-centric approach of both Okto and Transak, combined with their significant market presence, indicates a promising trajectory toward fostering a more inclusive and user-friendly Web3 ecosystem in India.
Transak is a global Web3 payment and onboarding infrastructure provider, facilitating seamless transitions between traditional finance and digital assets. Web3 platforms using Transak can enable users to buy, sell or mint digital assets across 75+ blockchains from 155+ countries, while Transak reduces the complexities of user KYC, risk monitoring, compliance, payment methods and customer support.
Trusted by over 350 leading apps, including MetaMask, Coinbase, and backed by industry leaders like Animoca Brands, Consensys, SBI Ven Cap, UOB, KX and more, Transak is making Web3 applications more accessible.
For more information, visit transak.com or follow on x.com/transak
About Okto by CoinDCX
Okto is a secure multi-chain DeFi app that offers a keyless, self-custody wallet. It aims to simplify the world of decentralized finance (DeFi) by providing a secure, user-friendly, and innovative solution for managing digital assets. Okto utilizes Multi-Party Computation (MPC) technology to ensure security for users’ assets. But what really sets Okto apart is patent-pending AI-based Multi-Factor Authentication, a breakthrough technology that promises to revolutionize the security of self-custodial DeFi wallets. With support for multiple chains and access to over 100 protocols, Okto offers a seamless experience for users to participate in various DeFi activities.
Okto is backed by investors such as Steadview, BCap, Coinbase Ventures, Pantera, Bain Capital Ventures, among others.
For more info, visit: https://okto.tech/