Visa has teamed up with Transak to integrate Visa debit capabilities into Transak's global off-ramp service, enhancing the process of converting cryptocurrencies into local fiat currencies.

The partnership has launched the service in over 145 countries, providing a more efficient and connected experience for users with the help of Visa Direct for real-time card withdrawals.

This collaboration is designed to improve global crypto liquidity and accessibility, signifying a major advancement in the options available for crypto to fiat currency conversion.

Visa's recent acquisition of Pismo and its ventures into Web3 technologies underscore its commitment to digital innovation and the evolution of payment systems.

The collaboration is seen as a pivotal moment for Web3, offering a simplified and immediate method for users worldwide to exchange digital assets for their local currencies.

A notable fee structure includes a 3% reduction on Bitcoin's current value for withdrawals and a 2% spread on transactions involving off-ramping and purchasing assets.