Users of the digital wallet Pitaka can now purchase cryptocurrencies directly with Philippine Peso and pay using their debit cards, credit cards, GCash, Maya, GrabPay, and ShopeePay within the app. Tetrix, the Filipinoled web3 company behind the digital wallet, has announced its partnership with Transak as its fiat onramp support.
Pitaka is a self-custodial digital wallet that allows users to store their crypto assets and interact with NFT marketplaces, play and earn games, decentralized autonomous organizations (DAOs), and decentralized finance (DeFi) applications. With Transak's integration, users do not have to switch to another service and go through many intermediate steps to buy crypto.
Transak is a Web3 onboarding infrastructure provider that enables applications to accept fiat-to-crypto deposits from a global user base. It is known for its API-driven solutions that enable web3 platforms to onboard users to more than 130 crypto assets from more than 125 countries and is backed by top venture capital investors including Consensys and Animoca Brands.
"Transak is a trusted and reliable provider of fiat on-ramp services with a track record of successful partnerships with leading cryptocurrency companies. The integration of Transak's fiat on-ramp is a key step in Pitaka's mission to make it easy for users to buy, sell, and use cryptocurrencies," said Ralph Acabado, founder and chief operating officer of Tetrix.
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