Dear Readers,
As you know that there are various issues in changing cryptos to the fiat currencies due the various government / central bank policies, no wide range of adoptions and so on..
While there are various platforms are offering to get into crypto through fiat currencies, the people have been finding it very difficult in converting the cryptos back to the fiat currencies.
But, with recent times, we have also found that various crypto cards were also been introduced across the globe. For example KuCards-Kucoin with the partnership of VISA. BINANCE card is also there.
Transak come up with a solution:
Transak is a global web3 payment and onboarding infrastructure provider, facilitating seamless transitions between traditional finance and crypto assets. Its product suite includes robust fiat-to-crypto services (On/Off-Ramps), a fiat-to-smart-contract solution (Transak One), and a fiat-to-NFT checkout solution.
Transak is a regulated, non-custodial payments layer, Transak supports onboarding to more than160 crypto assets across 75+ blockchains. Trusted by over 350+ applications, including wallets and games- MetaMask, Trust Wallet, COINBASE Wallet, Ledger, Splinterlands, and Decentraland ensures widespread accessibility and making web3 applications more accessible.
Recently Transak entered into a partnership with VISA which enable the crypto withdrawals made easier.
Transak offers fiat-crypto-fiat conversions much easier than ever before.
All these well known platforms are quite familiar with he crypto community. They will be using these service not only to mere storage of digital assets but to do various interactive and transactional activities in the Web3 space.
Emphasizing the impact of this collaboration, Sami Start, Co-founder & CEO of Transak said that ,
“We believe this partnership is an inflection point for Web3 as a whole. Now, millions across the globe have a straightforward way to cashout their digital asset holdings to their local currency in real-time and intuitively. They no longer have to walk the treacherous path of compliance uncertainty or face risks of fraud — Transak and Visa have them covered for over 40 cryptocurrencies.”
Recently VISA is storming into the Web 3 eco system and it is robustly working to deal with crypto-fiat solutions. VISA's competitor Mastercard is also investing heavily to adopt crypto eco system to keep them in the business. We anticipate the wide range of adoptions and building technological infrastructures would really help the crypto community for all their needs.
