Visa has partnered with Transak, a payments infrastructure provider, on what they call a “revolutionary” step to offer customers in 145 countries the ability to convert their cryptocurrency holdings into local currencies.
Citing a lack of options for people seeking to transfer their cryptocurrency to fiat, Transak said the partnership will allow a quick and easy process to convert balances, in 30 minutes or less, which can then be used at businesses where Visa cards are accepted. Transak serves the crypto and non-fungible token (NFT) market.
