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Transak, a Web3 payments infrastructure provider, has partnered with Visa Direct, ushering in a more convenient way for users to convert their cryptocurrency holdings into traditional currency. This alliance aims to streamline the process, making it effortless for Transak users to switch from crypto to fiat.
Transak’s payment and onboarding services manage crucial aspects like KYC requirements, risk monitoring, and compliance for clients such as MetaMask and Coinbase Wallet. With a $20 million Series A funding round completed last year, Transak is poised for global expansion.
Visa Direct’s program opens doors for third-party providers like Transak to directly access Visa’s network, expediting secure payments to Visa cards. With transaction times under 30 minutes, users can practically convert crypto to fiat in real-time.
Transak currently supports over 40 major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE), available in 145+ countries. This partnership is a significant stride toward crypto’s widespread acceptance as a legitimate payment option.
