Immutable expands Web3 game payment options with Transak integration.

Web3 gaming company Immutable will integrate Transak as the sole payment service provider for Immutable’s zero-knowledge Ethereum Virtual Machine (zkEVM). The service is set to support fiat and Web3-based payments directly in the gaming environment.

Transak’s services are integrated into Immutable Checkout and Immutable Passport. The former serves as Immutable’s all-in-one transaction infrastructure for games and provides a configurable interface for game developers to integrate a variety of payment options.

Transak’s ramp, ramp and non-ramp (NFT) payment services allow for credit and debit cards as well as fiat payments through Apple Pay and Google Pay. Transak head of marketing Harshit Gangwar told Cointelegraph that the payment rail will power in-game transactions for digital assets.

“These products will be used in hundreds of high-quality games over the next few years. Most of these games are scheduled for release in 2024.”

Michael Powell, Head of Product Marketing at Immutable, also confirmed that Transak’s initial integration will be included in flagship Web3 games Guild of Guardians, Gods Unchained, and Cross The Ages.

Transak has a proven track record as a payments infrastructure provider and is used in over 350 applications. This includes major Web3 wallet solutions such as MetaMask, Ledger, Trust Wallet, Coinbase Wallet, LBank, Bitcoin.com, Bake (CakeDefi), and PancakeSwap.

The payment service has also been tried and tested in the Web3 gaming space and is actively used in many titles backed by Web3 gaming venture capital firm Animoca Brands.

Related: Animoca takes notice of the SportFi ecosystem and becomes a Chiliz Chain validator.

Users of Decentraland, Splinterlands, Revv Racing, Formulas High Volt, MotoGP Ignite and other major Animoca titles rely on Transak’s solutions.

Gangwar points out that Transak users can pay for cryptocurrencies and NFTs using more than 20 payment methods in 160 countries. Fees vary depending on payment method and country combination.

“At the high end, prices can range anywhere from 0.49% up to 3.49%,” Gangwar said.

Transak’s agreement with Immutable provides for customized pricing that is lower than the base price. This infrastructure enables payments for over 170 cryptocurrencies across 75 blockchains.

As Cointelegraph recently reported, the Web3 gaming sector remains a focus for investment firms like Animoca. Co-founder Yat Siu highlighted the company’s investment in the Open Network blockchain and integration with Telegram as a potential mass driver for Web3 gaming adoption. The messaging application has over 800 million users who have access to blockchain-based Web3-enabled games.

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