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Ronin Network Adds Transak For Crypto Payments

Ronin Network Adds Transak For Crypto Payments

The Ronin Network teamed up with Transak to streamline NFT and crypto purchases, enhancing access to blockchain gaming.

To facilitate fiat-to-crypto transactions and non-fungible token purchases, Transak, a global cryptocurrency on-ramp, has formed a partnership with Ronin Network, a gaming-focused blockchain developed by Sky Mavis.

The partnership will enable gamers to access Ronin’s ecosystem using conventional payment methods such as Apple Pay and credit cards, as well as to make direct fiat-to-NFT purchases through Transak’s NFT Checkout service.

Ronin users will have the ability to acquire the network’s native Ronin token, USD Coin, Wrapped Ether (WETH), and Smooth Love Potion using credit cards, debit cards, and localized payment options.

To “fully engage with their games,” Etienne Gandon, partnerships manager at Transak, stated to Cointelegraph that gamers on Ronin require access to onchain assets, in-game tokens, and NFTs.

NFT Purchasing Service

The integration of Transak’s NFT Checkout service into Mavis Market, Ronin’s official NFT marketplace, is a critical aspect of the collaboration.

The NFT Checkout service will enable users to purchase digital assets directly with fiat currency, thereby eradicating the need to pre-purchase cryptocurrencies to manage onchain transactions.

The service is “undoubtedly the most advanced fiat-to-NFT solution in the market,” according to Gandon. It allows for the purchase of numerous NFTs in a single transaction and has the lowest buying limit of $0.01.

Gandon stated that NFTs are significantly undervalued due to the fact that the majority of individuals have not yet fully grasped their trust potential.

“NFTs facilitate genuine digital ownership […] in addition to their utility, they also improve social identity and community involvement.”

2025 Transak Outlook

Gandon stated that Transak anticipates that blockchain gaming platforms will continue to simplify the intricacies of blockchain technology in 2025.

This would entail an increase in the ability of gamers to interact with games without the need to “manage separate accounts, pay gas fees directly, or handle complex onchain transactions.”

The Transak partnership manager also stated that the firm intends to persist in its efforts to simplify blockchain technology and will continue to incorporate new blockchains in response to user and ecosystem demand.

Data Compromise Has Resulted In Exposure Of 92,000 Users

Transak disclosed in October 2024 that it had experienced a data breach that had impacted 92,000 users.

The breach resulted in the disclosure of “specific user information stored within the vendor’s dashboard.”

According to the organization, a malicious actor gained access to an employee’s laptop via a phishing attack and subsequently logged into the system of a third-party Know Your Customer vendor.

The data breach exposed confidential user information, such as names, dates of birth, passports, driver’s licenses, and selfies, of 92,554 users, which was used for document scanning and verification services.

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