- Bloom uses Transak to enable direct IOTA purchases, improving the user experience on the main desktop platforms.
- A project to digitize the perishable food supply chain exemplifies the larger possibilities of blockchain technology.
Bloom and Transak have partnered to create a secure wallet hub that not only makes it easier to trade tokens and NFTs but also acts as a portal for finding new decentralized apps (dApps) and maximizing DeFi investments.
Through this integration, IOTA can be purchased directly from Bloom’s wallet, which is accessible on Linux, Mac, and Windows platforms and has an intuitive UI.
🙌 Great news for @bloomwalletio! Expanding the usability & availability of $IOTA 🤝 https://t.co/IQlIG8JsL0
— IOTA (@iota) March 26, 2024
Easily Connecting Traditional Finance and Crypto
Transak is a leading provider of web3 payment solutions, providing a smooth transition between traditional banking systems and the emerging cryptocurrency asset market.
Through its partnership with Bloom, Transak broadens its user base and makes it possible for anyone in 170 countries to easily start using cryptocurrencies right from their PC.
This collaboration comes at a pivotal moment as interest in cryptocurrencies has increased globally, driven in part by the listing of Bitcoin as an ETF, underscoring the increasing demand for simple fiat-to-crypto gateways. And also, for a deeper dive into these developments, a detailed explanation is available in this YouTube video.
Broadening Perspectives: Beyond IOTA
Although Bloom’s initial focus was on IOTA, Shimmer, and Shimmer EVM, it has big aspirations to expand its support to key EVM-compatible L1s and L2s as well as industry mainstays like Bitcoin and Ethereum.
On the other hand, as ETHNews previously reported, IOTA has a project that aims to transform the perishable food supply chain that connects Kenya, the Netherlands, and the United Kingdom.
In order to replace antiquated paper-based processes with an effective and transparent digital framework, TLIP and the RESULD project are leading this digital revolution.
Meanwhile, the price of IOTA token has risen in the last 24 hours and 7 days, by 12.00% and 26.98%, bringing it to $0,3661.