Speeding Up Crypto Transactions: A New Partnership in Finance

In the world of digital money, two big players have teamed up to make things faster and safer. Transak, a company that helps people buy and sell crypto, has joined forces with Cross River Bank. This bank is known for its quick and reliable payment systems. Together, they want to make it easier for people to move money between regular banks and crypto. This team-up means that Transak can now use Cross River's payment networks. These include things like ACH transfers, wire transfers, and even instant payment systems like RTP and FedNow. With these tools, Transak can make transactions happen quicker and with fewer problems. This is great news for the millions of people who use crypto every day. Sami Start, the boss of Transak, said that this is a big step. He believes it will make using crypto as easy and safe as online banking. Cross River is also excited. They think this partnership will help more people use crypto in a safe and smart way. Transak is already used by lots of apps, like MetaMask and Trust Wallet. With Cross River's help, they can now offer even better services. This includes checking who people are (KYC) and making sure everything is legal (compliance). Cross River, on the other hand, brings its banking expertise to the table. Together, they are making crypto easier and safer for everyone. Transak is licensed in many countries, including the U. S. , Canada, and the UK. This means they can help people all over the world. They are also working on getting licenses in more places, like the UAE and Hong Kong. With Cross River's help, they are becoming a big player in the crypto world.