Visa Pioneers Crypto-to-Fiat Magic: Transform Your Bitcoin into Real-World Purchases with Visa Direct!
Jan 30, 2024
Global payment giant Visa has teamed up with Web3 infrastructure provider Transak to introduce a new method for cryptocurrency withdrawals and payments via Visa Direct, allowing users to withdraw cryptocurrencies like Bitcoin directly from their wallets, such as MetaMask, to a Visa debit card. This integration enables users to exchange crypto for fiat and make payments at over 130 million merchant locations worldwide where Visa is accepted. This collaboration aims to simplify and expedite the process of converting crypto holdings into fiat currency, marking a significant step towards bridging the gap between the cryptocurrency and traditional finance realms, according to Yanilsa Gonzalez-Ore, Head of Visa Direct in North America, and Harshit Gangwar, Transak's Marketing Head and Investor Relations Lead.