Transak and Chiliz Team Up to Revolutionize Fan Token Accessibility

Web3 payments provider Transak has added Chiliz ($CHZ), the native cryptocurrency of the sports blockchain platform Chiliz, to its offerings, facilitating access to its Fan Token ecosystem and enabling fans to participate in its token-based initiatives. This collaboration broadens the scope for sports enthusiasts to engage with fan tokens and simplifies access to cryptocurrencies for wider adoption.

Transak and Chiliz Forge Alliance to Revolutionize Fan Token Accessibility

Web3 payments infrastructure provider Transak has made a strategic move by incorporating Chiliz ($CHZ), the quintessential cryptocurrency of Chiliz's sports blockchain platform, into its suite of offerings, Investing.com has exclusively learned.

This collaboration marks a transformative milestone, empowering fans to seamlessly delve into the captivating world of Chiliz's Fan Token ecosystem. With this direct gateway, they can effortlessly partake in token-based initiatives, paving the way for an unprecedented level of engagement with their beloved sports franchises.

The integration also presents a golden opportunity for sports enthusiasts to dive into the realm of fan tokens while simultaneously facilitating a seamless gateway to cryptocurrencies for broader adoption.

Transak's comprehensive services encompass payment and onboarding solutions, providing users with the tools to effortlessly acquire and trade digital assets. The company meticulously handles KYC (know-your-customer) obligations, risk monitoring, and compliance, ensuring the utmost safety and security for its clientele.

Renowned crypto wallet providers such as MetaMask and Coinbase Wallet rely on Transak's expertise. Additionally, the company has partnered with Visa Direct, enabling users to swiftly convert their crypto holdings into fiat currencies in near-real-time.

"This partnership signifies a watershed moment for both Transak and Chiliz, unlocking a vast pool of sports fans who are eager to embrace the dynamic realm of fan tokens," remarked Sami Start, CEO of Transak. "We firmly believe that streamlining access to the world of crypto is imperative for achieving widespread adoption. By listing Chiliz on Transak, we are effectively lowering the entry barriers to the thriving world of sports and entertainment fan tokens."

The Chiliz integration will further elevate the user experience for fan token enthusiasts. "Our unwavering commitment is to provide fans with an effortless and seamless platform to acquire CHZ and their cherished Fan Tokens. Collaborating with Transak is a pivotal stride in this endeavor, unlocking new avenues and markets for us," asserted Alexandre Dreyfus, CEO of Chiliz and Socios.com.

The Chiliz Chain stands as a pioneering layer-1 blockchain, aspiring to become the de facto choice for sports organizations. Its origins stem from a fork of the Binance Smart Chain, and it leverages a staking-based consensus mechanism powered by its native CHZ token.