Miami, Florida, December 12th, 2024, Chainwire

Transak, a global leader in Web3 payments infrastructure, has officially launched Transak Stream, a groundbreaking innovation that redefines the crypto-to-fiat off-ramping experience. This new product delivers unmatched simplicity, making stablecoin and cryptocurrency conversions to fiat as seamless as sending a token between wallets.

Imagine this: A user with a Web3 wallet wants to withdraw $1,000 USDC. All they need to do is send their crypto to their unique Transak Stream Address. Within seconds, the equivalent fiat amount is deposited into their bank account or card— no order placement, no need to open additional apps, no widget.

Click here to see Transak Stream in action

Such a smooth, hassle-free process transforms the off-ramp experience, making it incredibly user-friendly while offering wallet partners and platforms a competitive advantage, i.e., enhanced user retention, higher conversions.

“Our goal was simple, yet ambitious — make crypto as intuitive as cash. Transak Stream is a giant leap in that direction. It makes crypto transactions feel as natural as everyday payments,” said Sami Start, CEO of Transak.

The Future of Off-Ramping: One Step, Instant Cash-Outs

Transak Stream revolutionizes the off-ramping process by reducing it to a single step:

1. Send Stablecoins or Crypto: Users simply send their assets to their unique Transak Stream Address.

2. Instant Fiat Payout: The fiat equivalent is instantly deposited into their linked bank account (SEPA, FASTER) or card (Visa/Mastercard).

This innovative approach streamlines the traditionally cumbersome multi-step off-ramping process. Transactions that once took ~5 minutes or more are now completed in seconds, making it easier to integrate stablecoins and crypto into real-world financial use cases. In a live test, Transak compared its standard off-ramp with the new Transak Stream. The results were striking: while the standard process took approximately 4 minutes, Stream enabled cash-outs in just 19 seconds.

“Transak Stream bridges the gap between crypto and fiat with the simplicity users deserve and the compliance businesses demand,” said Yeshu Agarwal, Co-Founder & CTO of Transak. “With Visa Direct and stablecoins like USDC at the core, we’re creating an ecosystem where crypto becomes as easy to use as traditional money.”

Limitless Use Cases For Web3: Transforming Payments, Payroll, And More

The technical innovation behind Transak Stream is one of the industry’s biggest for consumer-level crypto accessibility. By enabling near-instant conversions, this new product unlocks use cases across remittances, payroll, gaming, and more.

• Global Remittances: Migrant workers can send stablecoins to family members, with funds seamlessly deposited into local bank accounts as fiat, eliminating traditional remittance fees and delays.
• Payroll Automation: Companies can pay employees globally in stablecoins, which convert automatically into local fiat for immediate access.
• Instant Payouts for Freelancers and Creators: Freelancers earning in stablecoins can access their earnings in fiat within minutes, ready to spend or save.
• Bank-Enabled Crypto Off-Ramping: Banks can integrate Transak Stream to offer their customers direct crypto-to-fiat conversion within their existing banking apps, creating seamless flows and engaging crypto users.
• AI-Driven Financial Automation: Apps can leverage AI-powered tools to automate financial flows. For example, a task management app could verify completed milestones and trigger automated payouts in fiat using Transak Stream.
• Web3 Gaming: Enable seamless in-game asset payouts directly to players’ bank accounts in seconds.
• Recurring Payouts: From lending to staking, get recurring yield payouts directly to bank or card.

Key Features of Transak Stream

Whether you’re a freelancer cashing out earnings, a business automating payouts, or a developer integrating next-gen financial flows, Transak Stream sets a new benchmark for speed, accessibility, and global reach.

1. One-Click, Crypto-To-Cash: Users send crypto to their unique Transak Stream Address, and fiat is deposited directly into their bank accounts or cards- within seconds.
2. Global Reach: Transak Stream leverages Visa, Mastercard and a network of all localized banking providers (SEPA, FASTER, more coming soon) to deliver real-time payouts in over 145 countries, ensuring users have instant access to their funds.
3. Broad Asset Compatibility: Supports 40+ popular cryptocurrencies and stablecoins such as USDC, USDT, BTC, ETH, and SOL across 29+ major blockchain networks.
4. Designed for Developers: Partners can just pass 5 mandatory query params and enable Stream for their app also available with robust APIs and fully customizable capabilities to enable platforms to integrate one-click off-ramping, enhancing user retention and engagement.
5. Industry’s fastest Off-Ramp: The innovation of introducing Transak Stream wallets make it child’s play for users to off-ramp in one -click, making it the fastest and easiest way to cash out crypto.
6. Send becomes the new sell: Send crypto from any wallet to Transak Stream Address to off-ramp in under one minute.

Building On Proven Success

Transak Stream builds on the success of Transak’s existing off-ramp solution, which has processed over $50 million across 100,000+ transactions globally in 2024 alone. Across all its products, Transak has processed over $1.4 billion in transactions for its 8 million+ users worldwide.

“Our goal with Transak Stream is to create a future where crypto flows seamlessly into real-world financial systems,” added Agarwal. “Visa Direct and Circle are integral to making this vision a reality, enabling secure, scalable, and compliant transactions across borders.”

Visit Transak.com/integrate-stream to get Transak Stream for your app

About Transak

Transak is the world’s most compliant and largest Web3 payments infrastructure provider, serving over 8 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 https://transak.com/ or follow us on x.com/transak and linkedin.com/company/transak

Contact

Harshit Gangwar
Harshit.Gangwar@transak.com

Panama City, Panama, December 12th, 2024, Chainwire

PoSciDonDAO, an emerging organization in the Decentralized Science (DeSci) domain, has announced the launch of a decentralized autonomous organization (DAO) dedicated to funding personalized medicine research. Leveraging blockchain technology, PoSciDonDAO aims to improve efficiencies and transparency in research funding while enabling global collaboration to address life-altering diseases such as cancer, multiple sclerosis, and Alzheimer’s disease.

A Vision for Advancing Patient Care

Personalized medicine, which tailors treatments to patients based on genetic and molecular profiles, offers a path toward more effective therapies and better patient outcomes. This field has been hindered by limited funding and systemic inefficiencies. PoSciDonDAO’s mission is to address these challenges by providing resources to explore novel approaches such as viro-immunotherapies and gene and cell therapies.

By funding early-stage, pre-patented research, PoSciDonDAO seeks to drive innovation from academic labs to commercial viability. This initiative is designed to improve healthcare outcomes for patients worldwide by advancing patient-tailored therapies and making innovative treatments more accessible.

Empowering Community Governance

PoSciDonDAO introduces incentive models to foster long-term engagement among scientists, innovators, and DeSci enthusiasts. Its governance framework enables community members to actively participate in DAO operations and funding decisions, ensuring resources are allocated to projects aligned with the shared goal of advancing personalized medicine.

Building Partnerships in Decentralized Science

Since its inception, PoSciDonDAO has been an active participant in Decentralized Science discussions and collaborations. Notably, it engages with other DeSci initiatives such as the Health Data Alliance, which includes projects like AxonDAO, DataLake, and Hippocrat, underscoring its commitment to advancing the DeSci movement. More partnerships and collaborations will be announced in the near future.

About PoSciDonDAO

By combining blockchain technology with scientific innovation, PoSciDonDAO is establishing a collaborative platform for research in personalized medicine. This approach aims to accelerate discoveries and democratize access to resulting treatments, benefiting patients and healthcare systems globally. The PoSciDonDAO team includes experts in virology, immunology, oncology, epidemiology, and Web3. With in-house expertise and contributions from its community members, the DAO can identify which projects have the most potential to impact the personalized medicine field. 

The PoSciDonDAO token (SCI) is central to the DAO’s governance model, allowing community members to participate in decision-making processes. This decentralized and transparent mechanism ensures resources are directed toward impactful research projects.

For more information about PoSciDonDAO, users can visit the official PoSciDonDAO website.

Joining the Community

PoSciDonDAO offers scientists, innovators, and DeSci enthusiasts to become part of this transformative initiative. By advancing research in personalized medicine, PoSciDonDAO aims to contribute to improved therapies and better outcomes for patients worldwide.

Twitter/X | Telegram | Discord

Disclaimer

The information provided herein is for informational or educational purposes only and does not constitute financial, legal, or tax advice. Any purchase, sale, or other transaction related to SCI tokens is undertaken at the sole discretion and risk of the participant. PoSciDonDAO does not assume responsibility for any loss, damages, or other consequences arising out of such transactions.

The SCI token is not and shall not be offered or sold to persons in the United States or individuals/entities on OFAC sanctioned lists. Further, this release does not constitute an offer to sell or a solicitation of an offer to buy any securities or financial instruments in any jurisdiction. Participants are strongly encouraged to conduct their own due diligence and seek independent advice from qualified legal, tax, or financial advisors before engaging with SCI tokens, blockchain technology, and digital assets generally. Participation in any token-related activities is subject to compliance with applicable laws, regulations, reporting, and eligibility requirements, including KYC/AML processes. PoSciDonDAO makes no guarantees or promises regarding the future performance, value, or regulatory compliance of the SCI tokens.

Contact

Marketing Representative
Ayat Abourashed
PoSciDonDAO Foundation
ayat@poscidon.com

Calgary, Alberta, December 5th, 2024, Chainwire

The EOS Network Foundation (ENF) is pleased to announce that Ceffu, the institutional custody partner of Binance, now supports the EOS mainnet. This partnership provides institutional-grade custodian services while unlocking new CeDeFi opportunities for EOS token holders through Binance’s MirrorX integration.

With Ceffu’s advanced custody infrastructure, institutions can confidently secure their EOS assets using multi-party computation (MPC) and customizable approval schemes. Through MirrorX, institutional fund managers can deploy CeDeFi strategies that leverage the best of both CEX and DeFi worlds. By leveraging Binance’s liquidity and advanced trading mechanisms, EOS token holders gain access to innovative yield solutions tailored to institutional needs.

EOS inclusion in the Coinbase COIN50 Index, a global benchmark representing the top 50 digital assets listed on Coinbase Exchange highlights the growing interest and popularity of the ecosystem towards institutions. This recognition underscores EOS’s position as a leading blockchain platform and a key player in the crypto economy.

“Ceffu’s integration with EOS represents an important step in building the infrastructure necessary to support institutional engagement at scale,” said Yves La Rose, Founder & CEO, EOS Network Foundation. “By partnering with Ceffu, we are creating new pathways for institutions to securely participate in the EOS ecosystem and benefit from its evolving opportunities.”

EOS has experienced significant performance improvements driven by community approved tokenomics enhancements. The new tokenomics strategy includes a dedicated funding bucket for middleware with the executed Unicove portal streamlining the onboarding process and improving user experience. Additionally, a staking rewards program distributing $450 million dollars worth of EOS has been active for over five months and has increased EOS staking participation by 4x while simultaneously extending the token lockup time from 4 to 28 days. These tokenomics initiatives collectively strengthen the EOS ecosystem, showcasing its growing robustness and appeal.

EOS Network

The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal Web3 user and developer experiences. EOS is the flagship blockchain and financial center of the Antelope framework, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).

EOS Network Foundation

The EOS Network Foundation (ENF) was forged through a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community programs, ecosystem funding, and support of an open technology ecosystem, the ENF is transforming Web3. Founded in 2021, the ENF is the hub for EOS Network, a leading open source platform with a suite of stable frameworks, tools, and libraries for blockchain deployments. Together, we are bringing innovations that our community builds and are committed to a stronger future for all.

About Ceffu

Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 1 & Type 2 attested. Our multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets. Institutions may also benefit from Ceffu’s secure gateway to a wide range of liquidity products within other exchanges’ ecosystems. Institutions may also benefit from Ceffu’s secure gateway to the world’s largest crypto exchange through MirrorX, our off-exchange settlement solution. 

Contact

Tristan Dickinson
EOS Network Foundation
Tristan.dickinson@eosnetwork.com

Seoul, South, Korea, November 20th, 2024, Chainwire

Hashed and its technology arm, ShardLab, have joined forces with Naver Pay, one of the highest-used mobile payment services in South Korea, to integrate NFT-based ticketing technology.

The collaboration, which debuted at Naver’s annual technology conference, DAN24, saw over 20,867 NFTs issued and 8,849 transactions processed during the two-day event, with a total of 6,000 attendees, making this initiative one of South Korea’s largest deployments of NFTs for real-world and event-based utilities.

During the event, these digital assets were seamlessly integrated into the Naver Pay wallet, enabling their use for admission, activity verification, and prize entry. The integration of NFTs into an existing payment system used by millions represents a strong use case bridging Web2 and Web3 for mainstream audiences and provides proof of concept for broader applications in events, concerts, and large-scale activities. 

The integration leverages ShardLab’s proprietary NFT technology, including airdrop APIs and smart contracts, to provide a user-friendly solution. Unlike traditional blockchain applications that require separate wallets, at the event attendees could access their NFT tickets directly within their existing Naver Pay accounts, bringing a simplified process removing barriers to adoption.

“This collaboration with Naver Pay signifies a step forward in integrating Web3 technology into everyday digital experiences,” said Simon Kim, CEO of Hashed. “With our technical advisory and collaboration-friendly approach with Web2 companies, we can focus and accelerate the development of user-friendly Web3 infrastructure.”

Through the use of NFT-based tickets, attendees received proof of attendance and streamlined authentication for various conference activities. This functionality showcased the practicality of blockchain-based solutions to elevate user experience without requiring extensive technical knowledge or new tools.

“DAN24 marks our first step in bringing NFT technology to Naver Pay Wallet, following the growing trend of NFT adoption in major events, concerts, and ticketing,” said Mi-young Lee, Head of Pay Infrastructure and Business at Naver Pay. “We will continue to work with leading Web3 companies to pioneer innovative digital experiences.”

“We’re honored to provide this unique experience to DAN24 attendees,” said Hojin Kim, CEO of ShardLab. “This collaboration demonstrates the technical maturity and practical potential that Web3 holds, redefining what is possible to achieve widespread adoption in the digital landscape.”

With 2.3 million users and $13 billion in quarterly transactions, Naver Pay offers a robust platform to scale Web3 integrations. ShardLab, an R&D partnership between Hashed and SCBX, brings blockchain expertise, enabling seamless Web3 experiences through Naver Pay’s trusted ecosystem.

The collaboration between Hashed, ShardLab, and Naver Pay is expected to expand into additional use cases, supporting the adoption of blockchain technology across industries.

About Hashed

Hashed, established in 2017, is a blockchain-focused venture capital firm that conducts extensive investment and research activities in global startups and decentralized projects pursuing protocol economy. Operating globally, Hashed maintains presence in major cities including Seoul, San Francisco, Singapore, and Bengaluru, India.

The firm has made early-stage investments in innovative blockchain startups worldwide, including Story Protocol, CryptoQuant, and dYdX. Rather than functioning as a traditional venture capital firm, Hashed operates as a ‘second team’ to its portfolio companies, providing hands-on business development support to help them connect with the global Web3 ecosystem and accelerate their growth.

About ShardLab 

ShardLab is the innovation arm of Hashed, a leading global Web3 venture capital firm based in Asia. Under the strategic partnership between Hashed and SCBX (the mothership of Thailand’s leading financial technology group and the parent company of Siam Commercial Bank), ShardLab is having various innovative activities, such as Web3 R&D, venture building, and ecosystem building. The firm’s vision extends to fostering mass adoption of Web3 in Southeast Asia, making technology accessible, and empowering communities in this dynamic digital frontier.

About Naver Pay

Naver Pay is a fintech service provided by Naver Financial (Subsidiary of Naver, the largest IT and search engine service in South Korea) that allows users to make simple payments through pre-registered payment methods such as bank accounts, debit cards, or credit cards.

Naver partners with e-commerce sellers of all sizes to enable Naver Pay on their own websites, promoting it as a way to increase convenience and accessibility for users.​​​​​​​​​​​​​​​​

Contact

Community Lead
Wooster Han
Hashed
wooster@hashed.com