- Transak collaborates with Visa to offer instant withdrawals of cryptocurrency assets to debit cards in 145 countries.
- Visa Direct facilitates real-time card withdrawals, enhancing the conversion of crypto balances into fiat for spending at Visa-accepted merchant locations.
- The partnership leverages Visa Direct’s immediate transaction processing, reducing transfer times to approximately 30 minutes, a significant improvement over traditional banking methods.
- With support for over 40 cryptocurrencies, Transak aims to provide a seamless exit strategy for crypto investors.
- Visa’s integration of Web3 elements into its loyalty program solution underscores its commitment to blockchain technology and the evolving landscape of digital assets.
Transak, a cryptocurrency payment infrastructure provider, has teamed up with Visa, a leading payment company, to streamline the process of converting crypto assets into fiat currency. Through this partnership, users can now withdraw their cryptocurrency funds instantly to debit cards, spanning across 145 countries. The integration of Visa Direct enables real-time card withdrawals, offering a faster and more seamless experience for converting crypto balances into spendable fiat.
Visa Direct’s capability for immediate transaction processing significantly reduces transfer times, with transactions completing in approximately 30 minutes or less. This marks a notable improvement over conventional banking practices, which often entail lengthy processing times spanning several days. With support for over 40 cryptocurrencies, Transak aims to cater to a wide range of users, providing them with a convenient exit strategy from the crypto market.