1inch Integrates Transak for Fiat On-Ramp Provisioning

1inch – the leading decentralized exchange aggregator – has integrated the fiat on-ramp aggregator Transak into the network’s native wallet. 1inch co-founder Sergej Kunz, says the integration will allow a “wider variety of tokens” to be acquired using fiat money. “Fiat” is the term for traditional, national currencies like USD, which require citizens of their respective countries to use them. Considering that most people still trade with these currencies, creating on-ramps from fiat to crypto is necessary for industry adoption.…