Paras.id is now Integrated with Transak

Transak, a single integration for applications to accept fiat-to-crypto deposits from a global user base, today announces its integration with Paras.id, in-line with its strategic partnership with NEAR. Transak has over 100 partners within its ecosystem providing API-driven fiat payment methods to on-ramp to 100+ crypto assets and is removing the complexity of user KYC, risk monitoring & compliance, payment methods and customer support. Funds can be added via debit/credit cards, Apple Pay or even with a simple SEPA/Bank transfer.

 

Paras.id is a digital collectible marketplace that supports and develops crypto-native IPs. The company partners with artists, creators, and projects in every aspect of their work, from ideation, marketing, and funding all the way to launch. Paras.id IPs are crypto-first and utilize NFT and smart contract capabilities giving more use cases over digital assets that can create more value to both collectors and creators, and attract the mainstream masses into the crypto ecosystem.

 

Through this integration with Transak, Paras.id can now break down barriers to onboarding more users to the NEAR wallet and provide a more intuitive experience for people unfamiliar with DeFi. Para.id believes the crypto and web3 space generally offers many benefits to users, especially the true ownership of digital assets. With more countries and local payment options available via Transak, this creates accessibility on a global scale.

 

“One of the most complex challenges we face is the onboarding process,” said Riqi, Founder, Paras.id. “Users need crypto to do any transactions on a blockchain, and Paras.id needs an easy way for users to purchase crypto so that they can then buy and sell NFTs. Transak offers a really fast and intuitive way for users to purchase crypto - we’re really happy to finally have integration with a fiat on-ramp.”

 

“Transak is thrilled to be working with Paras.id in order to onboard more users to the NEAR blockchain,” said Sami Start, CEO, Transak. “Paras.id is a creative marketplace giving users the opportunity to participate in the buying and selling of NFTs and we’re happy to be able to encourage the growth of this community through intuitive and simple transactions.”