The Hashgraph Group, a Swiss-based fintech firm focused on developing solutions for the Hedera blockchain network, recently announced the launch of “TransAct,” a wallet and digital assets transaction management service that abstracts wallet management, gas fees, and cryptocurrency conversions.
According to a press release published on Sept. 2, TransAct enables large-scale enterprise adoption of distributed ledger technology (DLT) through integrated compliance and operational features. It was developed for enterprise and government clients and is offered as a fully managed, secure service that processes crypto and fiat with automated invoicing of processed transactions in US dollars.
The service’s primary selling point is its deep integration with the Hedera network. According to the press release, TransAct makes it possible for clients to execute transactions on the Hedera network without holding HBAR. Using the service, wallet management is abstracted but private ke
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