The First Metaverse ATM | Transak (2024)

Landowners can add the ATM to their property by reaching out to us, requests are serviced by our partner team of Decentraland experts, to who you can reach out by filling this form.

The standard transak fees are applied to the ATM which can be shared with landowners through a unique API, however as always transak remains a competitive and efficient fiat to crypto on-ramp.

The ATM experience has been designed to reduce the number of clicks and time for a new user in Decentraland to load up their metamask wallet with the funds necessary to make a purchase on the decentraland marketplace with Mana.

The decentraland ecosystem is a bit like visiting a new country with a different currency. If you are coming from the web2 world and would like to make your first purchase in Decentraland it requires a tedious amount of research about how to convert your fiat into Ethereum and then into Mana. We offer a direct route to go from credit cards to Mana in seconds.

We’ve picked Decentraland as the first point of entry to the metaverse due to it’s open standards and decentralised nature. This allowed us to innovate and create the first metaverse ATM in a web3 virtual world. We hope to see more opportunities and will be looking forward to porting this tools interoperably around all metaverse worlds.

A metaverse ATM is essentially a user interface that allows players to walk up inside a game and convert their fiat money into the cryptocurrency that is the local currency used to transact in that metaverse space.

On-ramp refers to an exchange or another type of service where you have the ability to offer fiat money in exchange for cryptocurrency. An on-ramp essentially allows you to convert fiat money into cryptocurrencies.

The ATM is designed to work for a user in-game so that whilst browsing a store or visiting a concert if a user would like to top up their MANA to make a purchase they have quick access to crypto to fiat onramp that is safe and secure.

The First Metaverse ATM | Transak (2024)
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