Transak is tapping into Visa Direct, meaning that its users in over 145 countries can convert more than 40 different cryptocurrencies into fiat in under 30 minutes.
Yanilsa Gonzalez-Ore, North America head, Visa Direct and global ecosystem readiness, says: “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."
Sami Start, CEO, Transak, says: “We believe this partnership is an inflection point for Web3 as a whole. Now, millions across the globe have a straightforward way to cashout their digital asset holdings to their local currency in real-time and intuitively.
"They no longer have to walk the treacherous path of compliance uncertainty or face risks of fraud — Transak and Visa have them covered for over 40 cryptocurrencies.”
Learn more about payments at NextGen Nordics on the 23 April 2024.
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