On January 30th, the collaboration between Transak and Visa was announced, marking a significant step forward in addressing a major challenge in the widespread adoption of cryptocurrencies: the conversion of digital assets into traditional fiat currencies. Visa, a global leader in digital payments, has teamed up with Transak, a company renowned for developing crypto and NFT payment infrastructures, to facilitate direct crypto-to-card withdrawals in over 145 countries.
This partnership is focused on bridging the gap between cryptocurrency markets and conventional financial systems. It highlights the need for efficient and regulated pathways to convert digital currencies like Bitcoin (BTC) into fiat currencies such as the U.S. dollar. While the industry has seen a surge in on-ramps that enable users to buy crypto with fiat, the
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First found on: Visa and Transak Forge Groundbreaking Alliance to Simplify Crypto-to-Fiat Conversion
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