TransAct
Simple. Abstract. Secure.
TransAct enables digital currency transactions without the need to hold any crypto or wallets, eliminating the compliance risk for enterprises.
A Transaction Gateway for Crypto-Free Business
TransAct is a securely managed transaction gateway that enables crypto-free transactions for enterprises in the Web3 economy. By abstracting away the need to hold crypto or manage any crypto wallets, TransAct enables enterprises to settle transactions in USD and eliminate compliance risks related to transaction fees.
Transactions and interactions in the digital economy can be complicated, problematic, and entail risks for enterprises. In particular, enterprises are restricted by internal Risk & Compliancy departments from holding any cryptocurrencies or managing crypto wallets for processing of transaction fees.
Although wallets are often required to process and pay for utilizing blockchain networks or to access applications (“gas fees”), enterprises struggle with the complexity and security risks related to holding crypto or digital wallets. In addition, managing the scalability issues and processing transaction payments can be quite daunting.
Key Benefits of TransAct
TransAct enables institutions to execute transactions on the distributed ledger technology (DLT) network of Hedera, without the need to hold HBAR or manage any digital wallets.
As a managed transaction gateway, TransAct provides a user-friendly interface that abstracts technical and operational complexities, while streamlining compliance and eliminating any crypto accounting burdens. Crypto-related gas fees for all transactions processed on Hedera are invoiced monthly in USD or in any other preferred traditional currency (i.e. crypto-free).
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Simple
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Improved Efficiency
Reduced costs through streamlined transactions.
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Abstract
No need for enterprises to hold cryptocurrency in any digital wallets whatsoever.
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Secure
TransAct Demo
TransAct enables enterprises to manage digital transactions securely and efficiently via an easy to use management dashboard.
Industry Use Cases
TransAct can be used as an efficient and scalable transaction gateway for banks to manage digital currency transactions, or e-commerce platforms/marketplaces for seamless processing of crypto payments, or by technology firms offering services that need to integrate digital transaction capabilities or to enable IoT firms moving into Web3.0 with an efficient transaction gateway to manage service-for-payment exchanges, device interactions, and M2M data transactions in the digital economy.
Hashgraph for Enterprise (H4E)®
TransAct is part of a comprehensive suite of enterprise-grade solutions offered by THG under the Hashgraph for Enterprise (H4E)®, aimed at building business without barriers.