The Hashgraph Group, a Swiss-based Web3 firm helping to advance adoption of Hedera, has introduced a groundbreaking solution for enterprises to leverage Hedera without the need to hold the native token or possess a crypto wallet.
Key Points:
- The Hashgraph Group has launched TransAct, a fully managed solution designed to drive enterprise adoption on the Hedera network.
- Enterprises and governments can now build on Hedera without the complexities of dealing with cryptocurrency or digital wallets.
TransAct, the latest offering from The Hashgraph Group, enables enterprises and government entities to access and execute transactions on the Hedera network without requiring them to handle cryptocurrency. According to a press release from THG, this fully managed service eliminates the need for crypto wallets and gas fees, with invoicing conducted in traditional currencies like U.S. dollars.
The Swiss-based company emphasizes that TransAct provides an enterprise-grade transaction gateway, allowing organizations to interact with the Hedera network seamlessly. Stefan Deiss, co-founder and CEO of The Hashgraph Group, stated, “With TransAct, we are simplifying enterprise adoption by removing the complexity and compliance risks associated with holding crypto and managing digital wallets.”
Deiss continued, “By offering a secure transaction gateway, we enable financial institutions, e-commerce platforms, and technology firms to easily transact on the Hedera network while we handle the technical and compliance aspects in the background.”
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Empowering Enterprises
While TransAct abstracts the need for a crypto wallet, it still requires a signing wallet for transaction execution. Clients retain full control over transactions and network utilization through private keys, ensuring security and autonomy.
The Hashgraph Group will provide TransAct as a secure gateway with a user-friendly interface, enabling users to benefit from crypto-free transactions and mitigate risks associated with digital wallet management.
Businesses can leverage TransAct to enhance compliance processes and simplify operations, eliminating potential challenges related to crypto accounting, as highlighted by The Hashgraph Group.
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