Bloom and Transak Team Up to Boost IOTA Accessibility and Utility

Bloom Wallet and Transak have collaborated to enhance accessibility and utility of IOTA for users in 170 countries. Bloom Wallet, now integrated with Transak's onboarding infrastructure, allows users to purchase IOTA directly from within the wallet. This partnership enables seamless fiat-to-crypto onboarding, expands the reach of IOTA, and complements Bloom's mission to provide a user-friendly and comprehensive wallet experience for the IOTA ecosystem.

Bloom and Transak Integration Revolutionizes IOTA Accessibility and Utility

Bloom, a prominent cryptocurrency wallet, has announced its seamless integration with Transak, a global leader in web3 payment and onboarding infrastructure. This partnership empowers Bloom users with the ability to effortlessly purchase IOTA, a prominent cryptocurrency, directly from their wallets.

The collaboration marks a significant step forward in expanding IOTA's accessibility and utility. With over 170 countries supported, Bloom and Transak enable users to seamlessly onboard into the cryptocurrency ecosystem through the Bloom desktop wallet.

Bloom serves as a secure hub for wallet operations, facilitating token and NFT trading, exploration of decentralized applications (dApps), and optimization of decentralized finance (DeFi) investments. By integrating Transak's robust infrastructure, Bloom provides an enhanced level of convenience and accessibility for IOTA users.

"Transak provides a seamless onboarding route for our users to purchase IOTA from Bloom," stated Charlie Varley, Bloom's Co-Founder. "For the IOTA ecosystem, this is a much-welcomed integration that helps improve liquidity and enhance accessibility for IOTA."

The rise in cryptocurrency interest, fueled by the listing of Bitcoin's ETF, has highlighted the importance of convenient fiat-to-crypto onboarding options. Bloom and Transak's partnership addresses this need, catering to the influx of users seeking to enter the cryptocurrency market.

Bloom's user-friendly wallet experience is poised to cater to the influx of new cryptocurrency users. Initially supporting IOTA, Shimmer, and Shimmer EVM, Bloom plans to expand its offerings to include Bitcoin, Ethereum, Polygon, and major Ethereum Virtual Machine (EVM) Layer 1s and Layer 2s in the future.

"This integration is a testament to our commitment to providing a comprehensive and accessible platform for IOTA users," added Varley. "With Transak's expertise, we are unlocking new possibilities for IOTA's growth and adoption."

Transak provides a comprehensive suite of web3 payment and onboarding services, including robust fiat-to-crypto services (On/Off-Ramps), a fiat-to-smart-contract solution (Transak One), and a fiat-to-NFT checkout solution. As a regulated, non-custodial payments layer, Transak supports onboarding to over 170 crypto assets across more than 75 blockchains.

Together, Bloom and Transak are driving the adoption of IOTA and the broader cryptocurrency ecosystem. By simplifying the onboarding process and providing a secure and user-friendly wallet experience, they empower users to seamlessly navigate the world of digital assets.