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Author: Admin | 2025-04-28
Miami, Floida, January 30th, 2024 - Transak, the leading payments infrastructure provider for crypto and NFTs, has announced a strategic collaboration with Visa,a world leader in digital payments, to implement Visa Direct capabilities and help enhance its global off-ramp service.This collaboration marks a significant milestone by enabling users in over 145 countries to seamlessly convert their cryptocurrency holdings into local fiat currencies.Addressing the Gap: Crypto-to-Fiat Conversion for Everyone.In the race towards faster and easier crypto adoption, the ability to exit the market has taken a back seat. Most platforms and gateways are highly optimized for fiat-to-crypto conversions, but the reverse is not true.Many consumers need a fast, secure and compliant way to exit the crypto market — a fitting tribute to the liquid nature of cryptocurrencies.The bridge to convert crypto to fiat is missing for most people.As a result, they are stuck parking their funds in stablecoins or resorting to other methods of cashing out that may fall in the gray zone of local regulations.“By enabling real-time card withdrawals through Visa Direct, Transak is delivering a faster, simpler and more connected experience for its users — making it easier to convert crypto balances into fiat, which can be spent at the more than 130M merchant locations where Visa is accepted,” said Yanilsa Gonzalez-Ore, North America Head of Visa Direct and Global Ecosystem Readiness.A Revolutionary Step in Crypto-to-Fiat TransactionsOne of the most significant features of Visa Direct is its ability to process transactions in real-time. This means that money can be
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