Crypto-to-Fiat Conversions Streamlined by Partnership Between Transak and Visa Debit

By: Isha Das

Crypto payments company Transak has securely teamed up with Visa to combine Visa debit abilities into its global off-ramp service. This effectively expands the possibilities for crypto to fiat off-ramps, granting users in over 145 countries the convenience to instantly convert their cryptocurrency holdings into local fiat money. The service, realized through a product named Visa Direct, is designed to fill the cessation in the market regarding crypto-to-fiat conversions which has traditionally prioritized the flow of fiat into crypto, often making the reverse process clunky and challenging.

This partnership promises a more expansive, streamlined and secure experience for crypto users by offering real-time card withdrawals via Visa Direct. Additonally, it enables the hassle-free conversion of digital assets into fiat currency

These recent advancements mark a more relaxed shift towards the adaption and acceptance of digital currencies by removing barriers and making crypto-to-fiat conversions more straightforward and transparent. As a result, crypto acceptance among the public may significantly increase. However, customers should note that setting up an account for the Transak withdrawal service will require providing personal information such as name, address, date of birth, ID, and a selfie for KYC steps. Proceed with discretion accordingly.