Bitcoin: $97527.54 1.61% 
Ethereum: $3410.02 2.76% 
Tether: $1.00 0% 
Solana: $256.10 0.5% 
BNB: $653.20 4.58% 
XRP: $1.45 0.5% 
Dogecoin: $0.42 3.46% 
USDC: $1.00 0.07% 
Cardano: $1.04 7.27% 
Lido Staked ETH: $3390.66 2.8% 
TRON: $0.21 6.42% 
Avalanche: $41.76 6.47% 
Stellar: $0.50 67.11% 
Shiba Inu: $0.00 2.1% 
Wrapped Bitcoin: $97382.20 1.48% 
Polkadot: $8.46 34.13% 
Chainlink: $17.38 11.31% 
Bitcoin Cash: $505.64 3.32% 
UNUS SED LEO: $8.61 1.58% 
NEAR Protocol: $6.14 8.27% 
Litecoin: $98.16 8.64% 
Uniswap: $10.83 14.32% 
Internet Computer: $11.34 12.32% 
Multi Collateral DAI: $1.00 0.08% 
Crypto.com Coin: $0.19 3.15% 
Sp8de: $0.59 12.92% 
Ethereum Classic: $29.52 5.64% 
Artificial Superintelligence Alliance: $1.38 11.28% 
VeChain: $0.04 26.58% 
Filecoin: $5.38 13.81% 
Stacks: $2.09 5.46% 
OKB: $50.44 9.55% 
Monero: $160.17 0.89% 
Aave: $175.71 6.31% 
Algorand: $0.30 22.05% 
Fantom: $0.87 20.98% 
The Graph: $0.24 10.84% 
Hedera Hashgraph: $0.15 9.72% 
Injective: $27.86 13.56% 
Cosmos: $8.12 10.87% 
THORChain: $5.62 6.26% 
THETA: $1.89 11.68% 
MANTRA DAO: $3.64 0.71% 
Raydium: $6.04 0.55% 
Maker: $1644.72 0.28% 
Arweave: $22.12 25.62% 
Bitcoin SV: $70.21 3.44% 
KuCoin Token: $11.43 3.24% 
Polygon: $0.56 19.89% 
Flow: $0.83 14.75% 
Quant: $101.09 17.76% 
Gala: $0.03 14.79% 
Lido DAO: $1.34 8.68% 
EOS: $0.76 6.13% 
Tezos: $1.13 2.49% 
Axie Infinity: $6.65 12.08% 
Neo: $14.46 8.02% 
Decentraland: $0.51 18.15% 
The Sandbox: $0.41 14.06% 
Helium: $5.74 4.87% 
GateToken: $10.98 8.31% 
Akash Network: $3.91 4.31% 
AIOZ Network: $0.81 11.62% 
eCash: $0.00 2.76% 
Nexo: $1.35 3.16% 
Pendle: $5.29 4.98% 
MultiversX: $35.64 17.8% 
Mina: $0.72 6.71% 
FTX Token: $2.50 3.96% 
Conflux: $0.17 10.23% 
Zcash: $47.88 5.18% 
Chiliz: $0.08 10.85% 
IOTA: $0.22 18.7% 
Gnosis: $272.76 4.58% 
Oasis: $0.10 14.48% 
XinFin Network: $0.05 15.2% 
SuperVerse: $1.32 7.44% 
Kusama: $40.42 80.02% 
PancakeSwap: $2.17 11.46% 
Nervos Network: $0.01 6.7% 
Curve DAO Token: $0.50 11.01% 
Compound: $63.94 18.21% 
Kava: $0.49 6.64% 
TrueUSD: $1.00 0.06% 
NXM: $73.16 4.86% 
Theta Fuel: $0.07 4.77% 
DeXe: $8.28 0.78% 
1inch Network: $0.36 6.09% 
Synthetix: $1.98 9.43% 
Zilliqa: $0.02 14.41% 
WOO: $0.24 10.23% 
Celo: $0.80 10.35% 
Reserve Rights: $0.01 9.17% 
Livepeer: $11.66 10.99% 
Trust Wallet Token: $1.01 4.88% 
IoTeX: $0.04 4.7% 
Holo: $0.00 10.67% 
Enjin Coin: $0.23 14.2% 
Amp: $0.00 7.24% 
Dash: $32.96 11.71% 
Withdrawing crypto into fiat currencies, such as the British pound, dollar, or Euro, has presented challenges for many individuals around the world. Issues like a lack of infrastructure, increased regulation, or banks refusing to accept transactions from crypto and centralized exchanges have made this process difficult. However, a recent development that has not received widespread attention is the partnership between Visa and Transact.
Benefits of the Partnership
Visa, a well-known financial services company, has partnered with Transact, a web 3 payment infrastructure provider founded by CEO Sammy in2019. This partnership aims to facilitate cryptocurrency withdrawals directly to a Visa debit card using the Visa Direct solution available through over 800 apps. This integration allows users to connect their wallets, such as MetaMask and Trust Wallet and withdraw their to a Visa debit card, which can be used at millions of locations worldwide where Visa is accepted.Support and Criticisms of the Partnership
Transact currently offers support for over cryptocurrencies, although they claim to cover 170 on their website. While some users have expressed concerns about security and centralization in the cryptocurrency industry, there have not been many criticisms of this partnership at this stage. This collaboration provides crypto investors with another option for converting their assets into fiat currencies and helps bridge the gap between traditional financial systems and the cryptocurrency industry.
Visa's Ongoing Commitment to Cryptocurrencies
Visa has been actively expanding its integration and support for cryptocurrencies, partnering with companies like Circle in 2020 and offering support for USDC stablecoin on crypto cards. The company works with over 70 crypto platforms, including Crypto.com, Kucoin, and Bit Panda. MasterCard is also exploring opportunities in the crypto space, as both companies recognize the importance of investing in cryptocurrency infrastructure and offerings to stay competitive in the evolving financial landscape.
Conclusion
The partnership between Visa and Transact represents a step towards greater mainstream adoption of cryptocurrencies and cooperation between traditional financial institutions and the crypto industry. As opportunities for using cryptocurrencies in everyday transactions grow, users may have more accessible and flexible ways to manage their financial assets.
