- Users from all over the world will be able to buy cryptocurrency with transaction limits of up to $75,000 thanks to the update.
On December 5, Phantom, a non-custodial bitcoin wallet based in Solana, revealed that it had integrated Web3 payments provider Transak to enhance user experience and streamline cryptocurrency access.
Phantom users worldwide will be able to acquire cryptocurrency with transaction limits of up to $75,000 thanks to the wallet update.
Transactions in Solana through Phantom Increase
Transak’s integration was spearheaded by Meld, a platform that specializes in on-ramp and off-ramp payment solutions. According to the company, since the update, there has been a rise in Solana transactions using Phantom.
SOL transactions currently account for 75% of Transak’s Solana activity. Phantom continues to be an important component of the Solana ecology.
The Solana wallet continues to lead the non-custodial banking market with millions of users in over 100 countries. The wallet is among the greatest available.
Although Phantom was initially developed for the Solana blockchain, it is compatible with Ethereum, Polygon, and Bitcoin. Phantom said that by using Transak, it keeps improving Web3 accessibility and facilitates user interaction with digital assets on many blockchains.
Solana’s Phantom Safe from Web3.js Bug
Phantom warned its users on Tuesday that a serious flaw in the Solana/web3.js package that was recently found does not affect it.
Versions 1.95.6 and 1.95.7 contained the exploit’s malicious code, which was designed to steal private keys. Applications and developers who relied on the compromised versions were seriously threatened by this issue, which might have led to the theft of user funds.
In order to protect its users, Phantom’s security team verified in a statement on X that the wallet provider has never utilized these versions in its infrastructure.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
