VeChain’s VeWorld Wallet Adds Apple Pay powered fiat on-ramp, Supported by Transak Integration

Transak, a leading on-ramp provider, has been integrated in VeWorld, the official, decentralized self-custody crypto wallet of the VeChainThor blockchain.

VeWorld is the official self-custody cryptocurrency wallet developed by the Vechain Foundation. It is designed to make it easy for users to manage their Vechain (VET) and other VechainThor-based tokens (VIP180).

Owing to its unique features that go beyond the basic functionalities of a typical cryptocurrency wallet (like multi-task transactions, fee delegation, Ledger wallet integration, and more), VeWorld wallet recently surpassed 1 million downloads.

To celebrate this achievement and further enhance user experience, VeWorld has expanded its payment options through a strategic integration with Transak. This collaboration follows a successful integration with Coinbase Pay, demonstrating VeChain's dedication to offering a user-friendly and globally inclusive experience for its growing community.

The partnership with Transak complements VeWorld's existing on-ramp integration, addressing previous limitations and further expanding the wallet's accessibility to a broader audience. While the initial integration offered a solid foundation, the addition of Transak specifically caters to the growing demographic of users who prefer Apple Pay as their primary payment method. This strategic move ensures that VeWorld remains at the forefront of user-centric design and continues to evolve to meet the diverse needs of its global community.

"We're thrilled to integrate Transak's on-ramp solution into VeWorld. The integration was incredibly smooth, and Transak's support for Apple Pay aligns perfectly with our goal of providing the most user-friendly experience possible. This partnership is a significant step towards greater accessibility and convenience for our users," said Fabio Fabbrucci, Product Manager of VeWorld 

The integration of Transak into VeWorld offers new payment methods. Users can now purchase crypto using a wider range of options, especially Apple Pay, in addition to traditional methods.

Apple Pay, with its seamless integration into the iOS ecosystem and widespread adoption, has become a game-changer in the world of digital payments with over 640 million users worldwide. Further, in Q1 of 2024 alone, Apple Pay expanded into 19 new countries and has a staggering 92% marketing share among digital wallets.

Transak is available on both the VeWorld iOS app (where users can utilize Apple Pay), Android and the browser extension for desktop users. This multi-platform approach ensures that users can access the on-ramp functionality regardless of their preferred device.

"Our collaboration with VeWorld demonstrates Transak's commitment to providing seamless and secure on-ramp solutions for leading blockchain ecosystems," said Sami Start, co-founder and CEO at Transak. "We're excited to contribute to VeChain's continued growth and success by making crypto more accessible to their expanding community."

About Transak

Transak is the world's most compliant and largest Web3 payments infrastructure provider, serving over 5 million users across 160 countries. It powers 350+ platforms, facilitating the purchase and sale of digital assets with its API-driven fiat-crypto on/off-ramp, NFT checkout, and other solutions that simplify KYC, compliance, payment methods, and customer support.

Headquartered in Miami, US, and incorporated in Delaware, Transak has a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.

For more information, visit transak.com or follow us on x.com/transak  and linkedin.com/company/transak 

About VeChain

Founded in 2015, VeChain launched VeChainThor, a leading smart contract platform spearheading enterprise adoption of blockchain technology and real-world asset tokenization (RWA). 

Powered by ‘trustless’ data (information without intermediaries), VeChain has built Web3 powered dApps for leading companies, from Walmart to BMW, across multiple industries. 

VeChain now turns its focus to building incentive-based blockchain ecosystems that tackle sustainability challenges through VeBetterDAO, in close partnership with Boston Consulting Group.  

For grants, resources and more, visit vechain.org. Visit veworld.com to try out the VeWorld wallet.