Transak Integrates With Coinbase Wallet to Ease Onboarding for Users in Southeast Asia

Transak, a Web3 onboarding infrastructure provider that can accept fiat-to-crypto deposits from a global user base, has announced its integration with Coinbase Wallet, a self-custody wallet. Users of Coinbase Wallet can now access Transak as a fiat on-ramp to buy crypto. 

Transak's integration eases onboarding for global users, especially for users in Southeast Asia (SEA). Transak recently announced local payment methods for the Philippines and Thailand that will continue to remove barriers to self-custodial wallets like Coinbase Wallet. In the Philippines, users can buy crypto via Transak using leading local payment methods like GCash, Maya, GrabPay, or simply through a debit/credit card. In Thailand, users can pay via bank transfers as well as debit/credit cards.

Coinbase Wallet is a self-custody wallet. It currently supports Ethereum and all EVM-compatible networks in both the mobile app and browser extension. In addition, the mobile app also supports Bitcoin, Dogecoin, Litecoin, Stellar Lumens, and Ripple networks.

"Self-hosted wallets are on the rise, especially as more people become aware of the importance of keeping their assets safe, secure, and in their control. Coinbase Wallet, with its world-class security and ease of use, now integrated with Transak makes it even easier for our SEA customers to access crypto and Web3 with peace of mind" said Hassan Ahmed, Regional Director Southeast Asia at Coinbase

"With the addition of such local payment methods, users can onboard more efficiently and pay lesser transaction fees overall. We're glad that we are able to provide this integration to the Coinbase Wallet platform to make it more intuitive for users to participate," said Sami Start, CEO, of Transak. "Transak is aligned with Coinbase Wallet in expanding to new regions globally in order to increase Web3 adoption across the board."