TechFlow news, Web3 payment infrastructure provider Transak has joined Visa Direct, making it easier for its users to convert their cryptocurrency holdings into fiat currency.
Transak’s payment and onboarding services enable users to buy and sell crypto assets. The Web3 startup raised $20 million in a Series A funding round last year to support global expansion.
The Visa Direct program allows third-party providers to connect to Visa's network and route payments directly to Visa cards.
"By enabling real-time bank card withdrawals via Visa Direct, Transak is delivering a faster, simpler, and more connected experience for its users, making it easier to convert cryptocurrency balances into fiat currency that can be spent at over 130 million merchant locations worldwide that accept Visa," said Yanilsa Gonzalez-Ore, Head of Visa Direct and Global Ecosystem Enablement for North America.
