Altcoin exchange Pancakeswap has completed its integration with Transak to enable users to purchase their cryptocurrencies more easily. The collaboration allows cryptocurrencies to be bought and sold more easily with fiat currencies.
These altcoins are now ready for crypto payments
Pancakeswap now offers different payment methods to its users through Transak. These include popular payment options such as credit card, Google Pay and Apple Pay. According to the announcement made on September 21, Pancakeswap now includes Transak as a provider in the “buy crypto” tab. This integration offers Pancakeswap users additional options when purchasing cryptocurrencies.
Previously, Pancakeswap only had Mercuryo and Moonpay providers for this feature. Now Transak has become the third provider added for this feature. Pancakeswap is a multi-chain altcoin exchange serving on 8 different Blockchain networks. These networks include popular blockchains such as BNB Chain, Ethereum and Polygon zkEVM. Pancakeswap trades over $1.3 billion worth of cryptocurrencies in its contracts, according to crypto analysis platform DeFi Llama.
Like all decentralized exchanges, Pancakeswap cannot convert from fiat to crypto on its own. Users must have cryptocurrency in a wallet before using the exchange. Pancakeswap’s development team implemented the “buy crypto” feature to solve this problem. Thanks to this feature, users can purchase their cryptocurrencies with third-party providers such as Mercuryo, Moonpay and now Transak.
Transak is one of the leading players in crypto payments
According to Transak’s announcement, it will offer more than 20 payment options according to global needs. Additionally, Pancakeswap will offer its users nine different cryptocurrencies across seven different blockchain networks.
Mochi, the mysterious leader of Pancakeswap, stated that this integration will make decentralized finance protocols more user-friendly. Mochi emphasized that Transak’s expertise in fiat migration, combined with Pancakeswap’s platform capabilities, will provide an easy and barrier-free entry into decentralized finance for all users.
Finally, Pancakeswap released a web3 game called “Pancake Protectors” on May 30. This game offers additional benefits to holders of CAKE, the DEX’s governance token. The token’s inflation rate was reduced to 3-5% by a management vote in April.
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