The adoption of cryptocurrencies is gaining ground in the traditional financial sector, marked recently by an innovation from Visa. The payment giant now allows cryptocurrencies to be exchanged directly into fiat currencies without going through an exchange, thanks to its Visa Direct service. The move illustrates the growing convergence between traditional finance and the digital economy.
Visa is establishing itself as a bridge between the worlds of cryptocurrencies and fiat currencies, by integrating new crypto features into its debit cards. With Visa Direct, users benefit from a simplified option to convert their cryptocurrencies into fiat currencies, reinforcing Visa's position as a key player in the evolution towards Web 3.
"By enabling real-time card withdrawals via Visa Direct, Transak offers a faster, simpler and more connected experience for its users, making it easier to convert crypto balances into fiat." - Yanilsa Gonzalez-Ore, Visa Direct Head of North America
The partnership with Transak opens up new opportunities for Visa users, allowing them to buy and sell cryptocurrencies directly. Transak supports a wide range of cryptocurrencies and blockchains, facilitating transactions across 188 countries. This collaboration extends the accessibility and ease of use of cryptocurrencies to a wider audience.
"Now, millions of users in over 145 countries can enjoy the freedom to convert over 40 Cryptos to Fiat and deposit funds directly to their Visa debit cards with Transak." - Transak
