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Crypto and Visa Forge New Path for Instant Crypto Transactions

Mercuryo, a prominent crypto payments firm, has joined forces with Visa to facilitate near real-time conversion of digital assets into fiat currency.

This strategic partnership enables users to transfer proceeds directly to their Visa debit and credit cards through the Visa Direct network.

Eligible users will now be able to off-ramp their crypto holdings and receive fiat funds on their cards within minutes, enhancing the speed of transactions.

The collaboration aims to minimize settlement times and associated costs compared to traditional crypto-to-fiat conversion methods, especially for cross-border payments.

Mercuryo’s integration of Visa Direct expands its real-time transfer capabilities across various platforms, including brokerage and digital banking accounts.

By utilizing Visa's extensive global payments infrastructure, Mercuryo intends to improve accessibility to crypto-to-fiat conversions without users needing to navigate away from their preferred wallets or exchanges.

Users will benefit from rapid off-ramping tools, enabling them to access their funds in local currencies more quickly and efficiently.

According to Mercuryo's CEO, this partnership significantly reduces the historical friction encountered when moving funds internationally or converting digital assets to cash.

Visa’s increasing involvement in the crypto sector includes initiatives such as a Stablecoins Advisory Practice, aimed at integrating stablecoins into traditional business operations.

As Visa continues to report rising stablecoin settlement volumes, this partnership constitutes a vital step toward bridging the gap between cryptocurrencies and traditional financial systems.