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Transak Becomes First U.S. Fiat-to-Cryptocurrency Portal to Offer Telegraphic Transfer Service

Transak announced the launch of telegraphic transfer as a new payment method for US users to purchase cryptocurrencies, a move aimed at providing more diverse payment methods and thus improving the overall user experience. Transak is said to be the first and only fiat-to-cryptocurrency portal to offer telegraphic transfer services with a 1% fee, and 13 partners have joined, including Binance.US.