Key takeaways

• Pancakeswap has partnered with Transak to facilitate the process of buying crypto with fiat on multiple chains.

• Users can now purchase cryptocurrencies using various payment methods, such as debit cards, Google Pay, and Apple Pay, through Transak.

Pancakeswap Teams Up with Transak

PancakeSwap, a decentralized exchange, has integrated with Transak, a developer integration toolkit that empowers users to buy and sell cryptocurrencies within any app, website, or web plugin.

With this integration, Transak becomes a part of the “buy crypto” tab on Pancakeswap, enabling users to purchase cryptocurrencies through a wide range of payment options.

According to the announcement, Pancakeswap users can now buy cryptocurrencies using fiat currencies and various methods, including credit cards, bank transfers, Google Pay, and Apple Pay.

This isn’t Pancakeswap’s first foray into offering fiat purchase options. The decentralized exchange had previously integrated Mercuryo and MoonPay into its platform, making Transak the third available payment option for users.

Pancakeswap is a prominent decentralized exchange that operates on multiple blockchain networks, including BNB Smart Chain, Ethereum, Base, and Polygon zkEVM.

At present, the DEX has contracts worth over $1.3 billion in cryptocurrencies and processes daily trading volume of more than $150 million.

Transak Supports Seven Blockchains

According to the announcement, Pancakeswap revealed that Transak is now available for nine cryptocurrencies across seven blockchains. Some of the supported chains include Ethereum, Polygon zkEVM, zkSync Era, Linea, Base, BNB Chain, and Arbitrum.

Commenting on this partnership, PancakeSwap’s pseudonymous leader and head chef, Mochi, stated, “It’s crucial that entry points remain user-friendly yet robust. Transak’s expertise in fiat on-ramping, combined with PancakeSwap’s platform capabilities, ensures an era where accessing decentralized finance is intuitive and barrier-free for everyone.”

Pancakeswap has been making advancements despite the current bear market. In August, Pancakeswap V3 was launched on the Ethereum Layer 2 Linea mainnet. Linea is an EVM-compatible zero-knowledge proofs network developed by ConsenSys.