Seamless

USDC

<h4 style="padding-left: 40px;"><strong>Payment service provider Visa is expanding its presence in the crypto space by launching a new service.</strong></h4> 
<p style="padding-left: 40px;">This will allow users to convert crypto to fiat without centralized exchanges. Let’s see more about this important news.</p> 
<h5><strong>Visa Collaborates with Transak for Effortless Crypto-Fiat Transactions</strong></h5> 
<p><span style="font-weight: 400;">Visa’s new feature is in partnership with Transak, a company focused on payment infrastructure. The collaboration will enable users in over 140 countries to leverage the Visa Direct platform. This will make them easily convert their crypto assets into their local currencies.</span></p> 
<p><span style="font-weight: 400;">So, this means users can withdraw supported coins like Bitcoin from a <a href="https://www.altcoinbuzz.io/?s=wallets" target="_blank" rel="noopener">crypto wallet</a> like MetaMask directly to their Visa debit card. So they can make payments at the over 130 million merchants that accept Visa.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Transak X Visa <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b3.png" alt="💳" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>Now, millions of users from over 145 countries <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30d.png" alt="🌍" class="wp-smiley" style="height: 1em; max-height: 1em;"> can enjoy the freedom of converting over 40+ Cryptos <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa99.png" alt="🪙" class="wp-smiley" style="height: 1em; max-height: 1em;">to Fiat and deposit funds directly to their <a href="https://twitter.com/Visa?ref_src=twsrc%5Etfw">@Visa</a> debit cards with <a href="https://twitter.com/Transak?ref_src=twsrc%5Etfw">@Transak</a>.<a href="https://twitter.com/hashtag/TransakXVisa?src=hash&amp;ref_src=twsrc%5Etfw">#TransakXVisa</a> <a href="https://t.co/S1edudUDXm">pic.twitter.com/S1edudUDXm</a></p> 
 <p>— Transak (@Transak) <a href="https://twitter.com/Transak/status/1752343065208017191?ref_src=twsrc%5Etfw">January 30, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">The partnership reportedly supports up to 40 cryptocurrencies. In addition, Transak’s global coverage page lists the United Arab Emirates, Cyprus, Malta, Singapore, Turkey, Portugal, and other countries as among the supported nations.</span></p> 
<h5><strong>A Big Win for Crypto Payments</strong></h5> 
<p><span style="font-weight: 400;">Reacting to the partnership, North America head of Visa Direct and Global Ecosystem Readiness, Yanilsa Gonzalez-Ore, said, “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.”</span></p> 
<p><span style="font-weight: 400;">In addition, Harshit Gangwar, the lead investor relations representative at <a href="https://transak.com/global-coverage" target="_blank" rel="noopener">Transak</a> and head of marketing, explained that the partnership significantly improves the number of ways to exchange cryptocurrency for fiat. Also, it marks an important turn in linking the crypto and traditional banking worlds.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">This is huge even for regulators, as it effectively links your <a href="https://twitter.com/hashtag/DeFi?src=hash&amp;ref_src=twsrc%5Etfw">#DeFi</a> wallet address to your bank's debit card</p> 
 <p>Not so good for privacy &amp; that's why we need a <a href="https://twitter.com/hashtag/decentralized?src=hash&amp;ref_src=twsrc%5Etfw">#decentralized</a> payment infrastructure like <a href="https://twitter.com/retikfinance?ref_src=twsrc%5Etfw">@retikfinance</a> decentralized visa/mastercard debit card!<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a><a href="https://twitter.com/hashtag/visa?src=hash&amp;ref_src=twsrc%5Etfw">#visa</a><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> <a href="https://t.co/WurEMIYToY">https://t.co/WurEMIYToY</a></p> 
 <p>— IonMind (@Iam_Ionmind) <a href="https://twitter.com/Iam_Ionmind/status/1752435315115999658?ref_src=twsrc%5Etfw">January 30, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Gangwar added that the collaboration is “a major step towards mainstream acceptance and utilization of cryptocurrencies,” as it provides a more convenient way to transact.</span></p> 
<p><span style="font-weight: 400;">Gangwar believes the partnership is also a big win for users who rely on decentralized platforms and wallets. This includes platforms like <a href="https://www.altcoinbuzz.io/?s=trust+wallet" target="_blank" rel="noopener">Trust Wallet</a>, MetaMask, and Ledger. He notes that “MetaMask users can now effortlessly off-ramp directly from their wallet to the Visa card, which enhances the usability and practicality of their digital assets.”</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">GhIPSS and <a href="https://twitter.com/hashtag/Visa?src=hash&amp;ref_src=twsrc%5Etfw">#Visa</a> have partnered to facilitate digital payments in Ghana. </p> 
 <p>Expect smoother and more convenient transactions as GhIPSS processes domestic transactions with visa cards issued in Ghana. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b3.png" alt="💳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/DigitalPayments?src=hash&amp;ref_src=twsrc%5Etfw">#DigitalPayments</a> <a href="https://twitter.com/hashtag/VisaGhana?src=hash&amp;ref_src=twsrc%5Etfw">#VisaGhana</a> <a href="https://t.co/GQWvj0vHZr">pic.twitter.com/GQWvj0vHZr</a></p> 
 <p>— Node Eight (@AccraDigiCircle) <a href="https://twitter.com/AccraDigiCircle/status/1751899080190501355?ref_src=twsrc%5Etfw">January 29, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">One of the core appeals of Visa Direct is its ability to execute transactions instantly. This means that money transfers could potentially be completed in thirty minutes or less, which is a significant improvement over traditional banking methods that frequently take several days.</span></p> 
<p><span style="font-weight: 400;">Visa has made huge accomplishments in the payment space over the past few years. However, the company has turned its focus to cryptocurrencies in recent years. Visa made a significant entry into the cryptocurrency space in 2020 when it teamed up with blockchain startup Circle to enable the USDC stablecoin on specific Visa cards. The company recently announced plans to add Web3 features to its loyalty program.</span></p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" alt="" width="736" height="91"></a></p> 
<p><iframe title="DONT MISS These Altcoin Public Sales | Huge Potential" width="696" height="392" src="https://www.youtube.com/embed/j8AI4UYYRtA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p> 
<p>&nbsp;</p> 
<h5><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</h5> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/visa-partners-transak-for-seamless-crypto-to-fiat-conversion/">Visa Partners Transak for Seamless Crypto-to-Fiat Conversion</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Visa Partners Transak for Seamless Crypto-to-Fiat Conversion

Altcoin Buzz

Other articles published on Jan 31, 2024

Jupiter Launches JUP Token with $700M Valuation, Announces Airdrop for 955,000 Wallets

Fresh layoffs hit PayPal, 2500 workers affected

SEC’s settlement gag rule ‘undermines regulatory integrity’ — Hester Peirce

How to Buy Polymath Coin?

Robert Kiyosaki reveals 3 reasons why he owns Bitcoin

An NFT Investor Has Dumped 143 AOFverse NFTs For A $140K Loss – What’s Happening?

Join our free newsletter for daily crypto updates!