Visa and Crypto
MetaMask users can now convert cryptocurrencies to fiat currency using Visa cards, bypassing centralized exchanges. Visa partnered with Transak for this service through Visa Direct, allowing direct crypto withdrawals to Visa debit cards, usable at over 130 million Visa-accepting locations.
The collaboration spans 145 countries, facilitating over 40 cryptocurrencies’ conversion to fiat. It’s a substantial step towards mainstream crypto adoption, offering MetaMask users enhanced convenience.
Transak ensures legality through multiple jurisdiction licenses and compliance with Know-Your-Customer and Anti-Money Laundering regulations.
Visa’s active exploration of crypto includes supporting stablecoins like USDC and expanding support on networks like Solana.
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