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SONY BLOCKCHAIN SONEIUM PARTNERS WITH TRANSAK FOR GLOBAL FIAT ON-RAMP SERVICES 

by Jordan Leech
Layer 2s and Scaling • August 29, 2024, 12:06PM EDT
Published 1 minute earlier on


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 * Transak has partnered with Sony to provide fiat onramps for their blockchain
   project Soneium.
 * The partnership will enable users to employ traditional payment methods to
   onboard into the ecosystem.



Web3 payments infrastructure provider Transak has partnered with Soneium, an
Ethereum Layer 2 developed by Sony Block Solutions Labs, to provide onboarding
solutions for mainstream users into the new blockchain project.

The integration of Soneium and Transak is expected to impact the gaming industry
in particular and facilitate “a broader adoption of blockchain technology within
the gaming community," and could create new monetization opportunities,
according to a company press release.

“This collaboration underscores our commitment to bridging the gap between Web2
and Web3, empowering industries such as gaming and entertainment with innovative
solutions that enhance user experiences and drive digital transformation,"
Transak Co-Founder and CEO Sami Start said in the press release.

Gamers using the products could purchase, transfer and trade in-game assets and
NFTs using traditional payment methods enabled by Transak.


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Director of Sony Block Solutions Labs Sota Watanabe said Transak’s “dedicated
solutions for multiple industries will empower developers to build innovative
solutions, and we look forward to supporting the development of groundbreaking
projects on Soneium.”

Transak is a web3 payments infrastructure provider that operates in 160
countries, powers over 350 applications and boasts over 5.7 million users. In
July, it announced a partnership with Uniswap to facilitate fiat on-ramp
services for the Uniswap wallet.

The Soneium blockchain is an Ethereum Layer 2 based on the Op Stack designed to
build consumer-grade applications. It is a joint venture between Sony Group
Corporation and Startale Labs. Circle, Optimism, Alchemy, The Graph, Chainlink,
and the Astar Network will all be early experimenters with the network.


Disclaimer: The Block is an independent media outlet that delivers news,
research, and data. As of November 2023, Foresight Ventures is a majority
investor of The Block. Foresight Ventures invests in other companies in the
crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The
Block continues to operate independently to deliver objective, impactful, and
timely information about the crypto industry. Here are our current financial
disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for
informational purposes only. It is not offered or intended to be used as legal,
tax, investment, financial, or other advice.

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ABOUT AUTHOR

Jordan Leech is a Berlin-based Editorial Intern at The Block. He has worked for
several years as a broadcast journalist, camera operator, and producer before
aiming to get established working in the crypto industry. Jordan holds a degree
in Philosophy and Political Science from the University of Guelph and is an avid
photographer and traveller in his free time.

EDITOR

To contact the editor of this story:
Lawrence Lewitinn at
llewitinn@theblock.co
GM30
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GML1
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GML1
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GML2
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GMMEME
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200.47
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GMGM
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GMAI
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WE CARE ABOUT YOUR PRIVACY

We and our partners store and/or access information on a device, such as unique
IDs in cookies to process personal data. You may accept or manage your choices
by clicking below or at any time in the privacy policy page. These choices will
be signaled to our partners and will not affect browsing data.


WE AND OUR PARTNERS PROCESS DATA TO PROVIDE:

Use precise geolocation data. Actively scan device characteristics for
identification. Store and/or access information on a device. Personalised ads
and content, ad and content measurement, audience insights and product
development. List of Partners (vendors)

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ABOUT YOUR PRIVACY

We process your data to deliver content or advertisements and measure the
delivery of such content or advertisements to extract insights about our
website. We share this information with our partners on the basis of consent.
You may exercise your right to consent, based on a specific purpose below or at
a partner level in the link under each purpose. These choices will be signaled
to our vendors participating in the Transparency and Consent Framework.
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MANAGE CONSENT PREFERENCES

STRICTLY NECESSARY COOKIES

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These cookies are necessary for the website to function and cannot be switched
off in our systems. They are usually only set in response to actions made by you
which amount to a request for services, such as setting your privacy
preferences, logging in or filling in forms. You can set your browser to block
or alert you about these cookies, but some parts of the site will not then work.
These cookies do not store any personally identifiable information.

PERFORMANCE COOKIES

Performance Cookies

These cookies allow us to count visits and traffic sources so we can measure and
improve the performance of our site. They help us to know which pages are the
most and least popular and see how visitors move around the site. All
information these cookies collect is aggregated and therefore anonymous. If you
do not allow these cookies we will not know when you have visited our site, and
will not be able to monitor its performance.

STORE AND/OR ACCESS INFORMATION ON A DEVICE

Store and/or access information on a device

Cookies, device identifiers, or other information can be stored or accessed on
your device for the purposes presented to you.

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PERSONALISED ADS AND CONTENT, AD AND CONTENT MEASUREMENT, AUDIENCE INSIGHTS AND
PRODUCT DEVELOPMENT

Personalised ads and content, ad and content measurement, audience insights and
product development

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   Ads can be shown to you based on the content you’re viewing, the app you’re
   using, your approximate location, or your device type.

 * CREATE A PERSONALISED ADS PROFILE
   
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   A profile can be built about you and your interests to show you personalised
   ads that are relevant to you.

 * SELECT PERSONALISED ADS
   
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   Personalised ads can be shown to you based on a profile about you.

 * CREATE A PERSONALISED CONTENT PROFILE
   
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   A profile can be built about you and your interests to show you personalised
   content that is relevant to you.

 * SELECT PERSONALISED CONTENT
   
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   Personalised content can be shown to you based on a profile about you.

 * MEASURE AD PERFORMANCE
   
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   The performance and effectiveness of ads that you see or interact with can be
   measured.

 * MEASURE CONTENT PERFORMANCE
   
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   The performance and effectiveness of content that you see or interact with
   can be measured.

 * APPLY MARKET RESEARCH TO GENERATE AUDIENCE INSIGHTS
   
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   Market research can be used to learn more about the audiences who visit
   sites/apps and view ads.

 * DEVELOP AND IMPROVE PRODUCTS
   
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   Your data can be used to improve existing systems and software, and to
   develop new products

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USE PRECISE GEOLOCATION DATA

Use precise geolocation data

Your precise geolocation data can be used in support of one or more purposes.
This means your location can be accurate to within several meters.

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ACTIVELY SCAN DEVICE CHARACTERISTICS FOR IDENTIFICATION

Actively scan device characteristics for identification

Your device can be identified based on a scan of your device's unique
combination of characteristics.

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ENSURE SECURITY, PREVENT FRAUD, AND DEBUG

Always Active

Your data can be used to monitor for and prevent fraudulent activity, and ensure
systems and processes work properly and securely.

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TECHNICALLY DELIVER ADS OR CONTENT

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Your device can receive and send information that allows you to see and interact
with ads and content.

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MATCH AND COMBINE OFFLINE DATA SOURCES

Always Active

Data from offline data sources can be combined with your online activity in
support of one or more purposes

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LINK DIFFERENT DEVICES

Always Active

Different devices can be determined as belonging to you or your household in
support of one or more of purposes.

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RECEIVE AND USE AUTOMATICALLY-SENT DEVICE CHARACTERISTICS FOR IDENTIFICATION

Always Active

Your device might be distinguished from other devices based on information it
automatically sends, such as IP address or browser type.

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