Visa simplifies crypto transactions.
MetaMask users can pay out cryptocurrencies directly to their Visa card.
(https://support.metamask.io/hc/de)
Visa and Transak have joined forces.
The aim is to make it easier to exchange cryptocurrencies for fiat money.
With the new function, users can deposit cryptos such as Bitcoin directly from a wallet (Metamask) to a Visa DEBIT card. It enables the exchange of crypto to fiat instantly.
It is an important step to close the gap between finance and the crypto market.
For the exchanges, it is more of a disadvantage because you can sell your cryptos directly to the Visa card with Metamask users.
Marketing Director of Transak Harshit Gangwar emphasized the global impact of this partnership.
It will enable more than 40 cryptos to be converted into fiat in different countries.
Visa is one of the largest payment transaction companies in the world.
In 2020, Visa took a big step towards crypto.
They have partnered with the blockchain company CIRCLE.
