Transak and Visa enable global crypto withdrawals

Visa partners with Transak to enable direct cryptocurrency to fiat conversions on debit cards.

The service enables the withdrawal of funds from wallets like MetaMask to Visa cards, optimizing transactions.

Now available in 145 countries, this integration supports at least 40 cryptocurrencies, facilitating easy spending at over 130 million Visa-accepting merchants globally.

Oleksandr Rudakov, the Head of Crypto Department at SBSB Fintech Lawyers, commented on this: “The partnership between Transak and Visa Direct is a significant step towards integrating cryptocurrencies into the traditional financial system.

This makes it easier and faster to exchange cryptocurrency for fiat money. It not only makes cryptocurrencies more accessible to people around the world but also reduces fees and speeds up transfers”.

For further details on this news, please follow the link: https://www.coindesk.com/business/2024/01/30/web3-payments-firm-transak-joins-visa-direct-to-streamline-crypto-to-fiat-conversion/