Transak, a global leader in Web3 payments infrastructure, has officially launched Transak Stream, a groundbreaking innovation that redefines the crypto-to-fiat off-ramping experience. This new product delivers unmatched simplicity, making stablecoin and cryptocurrency conversions to fiat as seamless as sending a token between wallets.
Imagine this: A user with a Web3 wallet wants to withdraw $1,000 USDC. All they need to do is send their crypto to their unique Transak Stream Address. Within seconds, the equivalent fiat amount is deposited into their bank account or card— no order placement, no need to open additional apps, no widget.
Click here to see Transak Stream in action
Such a smooth, hassle-free process transforms the off-ramp experience, making it incredibly user-friendly while offering wallet partners and platforms a competitive advantage, i.e., enhanced user retention, higher conversions.
“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,” said Sami Start, CEO of Transak.
1. Send Stablecoins or Crypto: Users simply send their assets to their unique Transak Stream Address.
2. Instant Fiat (BIT:STLAM) Payout: The fiat equivalent is instantly deposited into their linked bank account (SEPA, FASTER) or card (Visa/Mastercard).
This innovative approach streamlines the traditionally cumbersome multi-step off-ramping process. Transactions that once took ~5 minutes or more are now completed in seconds, making it easier to integrate stablecoins and crypto into real-world financial use cases. In a live test, Transak compared its standard off-ramp with the new Transak Stream. The results were striking: while the standard process took approximately 4 minutes, Stream enabled cash-outs in just 19 seconds.
“Transak Stream bridges the gap between crypto and fiat with the simplicity users deserve and the compliance businesses demand,” said Yeshu Agarwal, Co-Founder & CTO of Transak. “With Visa (NYSE:V) Direct and stablecoins like USDC at the core, we’re creating an ecosystem where crypto becomes as easy to use as traditional money.”
“Our goal with Transak Stream is to create a future where crypto flows seamlessly into real-world financial systems,” added Agarwal. “Visa Direct and Circle are integral to making this vision a reality, enabling secure, scalable, and compliant transactions across borders.”
Visit Transak.com/integrate-stream to get Transak Stream for your app
Headquartered in Miami, US, and incorporated in Delaware, Transak has a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.
For more information, visit https://transak.com/ or follow us on x.com/transak and linkedin.com/company/transak
ContactHarshit GangwarHarshit.Gangwar@transak.com
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
