Stablecoin

United

USDC

<ul class="wp-block-list"> 
 <li><strong>Sending their cryptocurrency to their unique&nbsp;Transak Stream Address is all that is required. </strong></li> 
 <li><strong>Without placing an order, or using a widget, the equal fiat amount is instantly sent to their bank account or card.</strong></li> 
</ul> 
<p>Leading Web3 payments infrastructure provider in the world&nbsp;<a href="https://transak.com/" target="_blank" rel="noreferrer noopener nofollow">Transak</a> has officially&nbsp;introduced <a href="https://transak.com/stream" target="_blank" rel="noreferrer noopener nofollow">Transak Stream</a>, a ground-breaking innovation&nbsp;that completely reimagines the crypto-to-fiat off-ramping experience. Stablecoin and cryptocurrency conversions to fiat are made as easy as moving a token between wallets with this new product’s unparalleled simplicity.</p> 
<p>Consider this: A Web3 wallet user wishes to take out $1,000 USDC. Sending their cryptocurrency to their unique&nbsp;Transak Stream Address is all that is required. Without placing an order, opening extra applications, or using a widget, the equal fiat amount is instantly sent to their bank account or card.</p> 
<p class="has-text-align-center"><a href="https://transak.com/stream" target="_blank" rel="noreferrer noopener nofollow">Click here to see Transak Stream in action</a></p> 
<p>The off-ramp experience is completely changed by such a seamless, trouble-free approach, which also gives wallet partners and platforms a competitive edge via increased user retention and conversions.</p> 
<p><a href="https://linkedin.com/in/samistart/" target="_blank" rel="noreferrer noopener nofollow">Sami Start</a>, CEO of Transak stated:</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“Our goal was simple, yet ambitious — make crypto as intuitive as cash. Transak Stream is a giant leap in that direction. It makes crypto transactions feel as natural as everyday payments.” </p> 
</blockquote> 
<h3 class="wp-block-heading" id="h-off-ramping-s-future-one-step-instant-cash-outs">Off-Ramping’s Future: One Step, Instant Cash-Outs</h3> 
<p>By simplifying the off-ramping procedure to a single step, Transak Stream transforms the scene.</p> 
<ol class="wp-block-list"> 
 <li>Send&nbsp;Cryptocurrency or Stablecoins: Users just need to send&nbsp;their assets to their unique&nbsp;Transak Stream Address.</li> 
 <li>Instant Fiat&nbsp;Payout: Their associated bank account (SEPA, FASTER) or card (Visa/Mastercard) receives the currency equivalent immediately.</li> 
</ol> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXckiB7MG1-B61NNdayuUEubzq4f7Ft-RhUTpMAOlxs40DM4oMnfsm2eHSmdSlbJbwLbE0A5k1o8TFMGuar_P70FxO4NOmuEwyB7WcZc5BcpY3CJVrqX5VhbHV6OR5ftZkUCqx62?key=DdYK44ogQSJxe76E_oH3ja8q" alt="">
 </figure>
</div> 
<p>The lengthy, multi-step off-ramping procedure is made simpler by this creative method. It is now simpler to incorporate stablecoins and cryptocurrency into actual financial use cases since transactions that used to take five minutes or more now take just a few seconds.</p> 
<p><a href="https://youtu.be/X29TsAlYEVo" target="_blank" rel="noreferrer noopener nofollow">Transak contrasted the new Transak Stream with its conventional off-ramp in a live test.</a> The results were remarkable: Stream allowed cash-outs in only 19 seconds, compared to around 4 minutes for the conventional procedure.</p> 
<p><a href="https://www.linkedin.com/in/yeshuagarwal/" target="_blank" rel="noreferrer noopener nofollow">Yeshu Agarwal</a>, Co-Founder &amp; CTO of Transak stated:</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“Transak Stream bridges the gap between crypto and fiat with the simplicity users deserve and the compliance businesses demand. With Visa Direct and stablecoins like USDC at the core, we’re creating an ecosystem where crypto becomes as easy to use as traditional money.”</p> 
</blockquote> 
<h3 class="wp-block-heading" id="h-web3-s-endless-use-cases-revolutionizing-payroll-payments-and-more">Web3’s Endless Use Cases: Revolutionizing Payroll, Payments, and More</h3> 
<ul class="wp-block-list"> 
 <li>Transak Stream’s technological innovation is among the most significant in the market for consumer-level cryptocurrency accessibility. This new product&nbsp;opens up use cases in gaming, payroll, remittances, and more by providing near-instant conversions.</li> 
 <li>Global Remittances: By removing the need for conventional remittance fees and delays, migrant workers may transfer stablecoins to family members, with the money being automatically deposited into local bank accounts as fiat.</li> 
 <li>Payroll Automation: It&nbsp;allows businesses to pay workers worldwide in stablecoins, which instantly change into local currency.</li> 
 <li>Payouts for Freelancers and Creators Are Instant: Within minutes, freelancers who earn stablecoins may access their money in fiat, ready to spend or save.</li> 
 <li>Bank-Enabled Crypto Off-Ramping: By integrating Transak Stream, banks may provide their clients with a direct conversion from cryptocurrency to fiat inside their current banking applications, resulting in smooth operations and attracting cryptocurrency users.</li> 
 <li>AI-Driven Financial Automation: Apps may automate financial processes by using AI-powered solutions. For instance, a task management application may use Transak Stream to automatically pay out fiat and validate reached milestones.</li> 
 <li>Web3 Gaming: Allow for instantaneous in-game asset distributions to users’ bank accounts.</li> 
 <li>Recurring&nbsp;payments: Receive periodic yield payments straight to your bank account or credit card for both lending and staking.</li> 
</ul> 
<h3 class="wp-block-heading" id="h-key-features-of-transak-stream">Key Features of Transak Stream</h3> 
<p>Transak Stream raises the bar for speed, accessibility, and worldwide reach, whether you’re a developer integrating next-generation financial flows, a freelancer cashing&nbsp;out profits, or a company automating settlements.</p> 
<ul class="wp-block-list"> 
 <li>Crypto-To-Cash One-Click: Users transmit cryptocurrency to their unique&nbsp;Transak Stream Address, and fiat is instantly paid into their bank accounts or cards.</li> 
 <li>Global Reach: To enable real-time payments in more than 145 countries and guarantee consumers have immediate access to their money, Transak Stream uses Visa, Mastercard, and a network of regional banking providers (SEPA, FASTER, and more to come).</li> 
 <li>Broad Asset Compatibility: <a href="https://transak.com/crypto-coverage" target="_blank" rel="noreferrer noopener nofollow">Supports over 40 well-known cryptocurrencies</a> and stablecoins from over 29 major blockchain networks, including USDC, USDT, BTC, ETH, and SOL.</li> 
 <li>Designed for developers: Partners just need to pass five required query parameters to activate Stream for their app. It also has strong APIs and completely configurable features that allow platforms to include one-click off-ramping, which improves user engagement and retention.</li> 
 <li>Fastest Off-Ramp in the Industry: Transak Stream wallets are the quickest and most straightforward method of cashing out cryptocurrency since they make it simple for customers to off-ramp with only one click.</li> 
 <li>Send becomes the new sell:&nbsp;Send cryptocurrency in less than a minute from any wallet to the Transak Stream Address to off-ramp.</li> 
</ul> 
<h3 class="wp-block-heading" id="h-building-on-proven-success">Building On Proven Success</h3> 
<p>The success of Transak’s current off-ramp solution, which handled over $50 million in over 100,000 transactions worldwide in 2024 alone, is built upon by Transak Stream. Transak has handled more than $1.4 billion in transactions for its 8 million+ consumers globally across all of its offerings.</p> 
<p>Agarwal <a href="https://www.linkedin.com/in/yeshuagarwal/" target="_blank" rel="noreferrer noopener nofollow">added</a>:</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“Our goal with Transak Stream is to create a future where crypto flows seamlessly into real-world financial systems. Visa Direct and Circle are integral to making this vision a reality, enabling secure, scalable, and compliant transactions across borders.”</p> 
</blockquote> 
<p>To get Transak Stream for your app, go to <a href="http://Transak.com/integrate-stream" target="_blank" rel="noreferrer noopener nofollow">Transak.com/integrate-stream</a>.</p> 
<p>With more than 8 million customers in 160 countries, Transak is the biggest and most compliant Web3 payments infrastructure provider in the world. With its API-driven fiat-crypto on/off-ramp, NFT checkout, and other solutions that streamline KYC, compliance, payment methods, and customer support, it enables more than 350 sites and makes it easier to buy and sell digital assets. Transak, which was established in Delaware and has its headquarters in Miami, the United States, has offices in London, Milan, Dubai, and Hong Kong in addition to a tech cluster in Bengaluru.</p> 
<p>For more information, visit <a href="https://transak.com/" target="_blank" rel="noreferrer noopener nofollow">https://transak.com/</a> or follow us on <a href="http://x.com/transak" target="_blank" rel="noreferrer noopener nofollow">x.com/transak</a> and <a href="http://linkedin.com/company/transak" target="_blank" rel="noreferrer noopener nofollow">linkedin.com/company/transak</a></p>

Transak Revolutionizes Crypto-to-Fiat with ‘Stream’ for Instant One-Click Fiat Conversions

Table of Contents

TheNewsCrypto

Other articles published on Dec 13, 2024

3 Indicators Suggesting Ethereum Could Be on the Verge of a Price Decline

Elon’s Gold (ELONGOLD) Will Explode Over 18,000% Before Exchange Listings, While Shiba Inu and Do...

Bitget’s BGB Token Outshines Exchange Tokens With 400% Gains in 2024

Who is the Upcoming US SEC Chair Paul Atkins?

Listing Announcement from Bitcoin Exchange Binance! Another Altcoin Trading Pair Listed in Spot T...

XT Exchange Suspends Withdrawals After $1.7M Hack

Join our free newsletter for daily crypto updates!