Visa launches direct withdrawal of cryptocurrencies to its debit cards for 145 countries
Residents of 145 countries will have access to the new feature, and to withdraw funds they will need to use the Visa (NYSE:V) Direct service. The opportunity itself came about through a partnership with Web3 infrastructure service provider Transak.
Users of cryptocurrency wallets, such as MetaMask, will be able to withdraw funds directly to their Visa cards, as well as pay for goods and services at points that support plastic cards. Previously, to withdraw funds to Visa cards, users had to resort to the services of centralized cryptocurrency exchanges or third-party applications.
âBy enabling real-time card withdrawals through Visa Direct, Transak provides a faster, simpler and more seamless experience for users, making it easier to convert cryptocurrencies into fiat money,â said Yanilsa Gonzalez, head of Visa Direct North America. Ore).
