Crypto News – Web3 payments infrastructure provider Transak made it easier for its users to convert their cryptocurrency holdings into fiat money by partnering with Visa Direct.
Ease of Crypto-to-Fiat Conversion: Transak Announces Joining Visa Direct
Transak uses its onboarding and payment services to make it easier to purchase and sell cryptocurrency assets, overseeing compliance, risk monitoring, and know-your-customer (KYC) requirements on behalf of its clients, including Coinbase Wallet and MetaMask. Through the Visa Direct service, which lets outside vendors connect to the Visa network, payments can be made straight into Visa cards.
Transactions Will Take Less Than 30 Minutes
Users can complete transactions with Visa Direct in under 30 minutes. It implies that they will have instantaneous access to change their cryptocurrency into fiat.
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 130 million merchant locations where Visa is accepted,
Yanilsa Gonzalez-Ore, North America head of Visa Direct and Global Ecosystem Readiness
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