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MIAMI, Dec. 13, 2024 (GLOBE NEWSWIRE) — Transak<\/a>, a global leader in Web3 payments infrastructure, has officially launched Transak Stream<\/strong><\/a>, 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.<\/p>\n Imagine this: A user with a Web3 wallet wants to withdraw $1,000 USDC. All they need to do is send<\/strong> their crypto to their unique Transak Stream Address<\/strong>. Within seconds, the equivalent fiat amount is deposited into their bank account or card\u2014 no order placement, no need to open additional apps, no widget.<\/p>\n Click here to see Transak Stream in action<\/strong><\/a><\/p>\n 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.<\/p>\n \u201cOur goal was simple, yet ambitious \u2014 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,\u201d said Sami Start<\/a>, CEO of Transak.<\/p>\n The Future of Off-Ramping: One Step, Instant Cash-Outs<\/strong><\/p>\n Transak Stream revolutionizes the off-ramping process by reducing it to a single step:<\/p>\n 1. Send Stablecoins or Crypto:<\/strong> Users simply send their assets to their unique Transak Stream Address<\/strong>.<\/p>\n 2. Instant Fiat Payout:<\/strong> The fiat equivalent is instantly deposited into their linked bank account (SEPA, FASTER) or card (Visa\/Mastercard).<\/p>\n 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<\/strong>, 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<\/a>. The results were striking: while the standard process took approximately 4 minutes, Stream enabled cash-outs in just 19 seconds<\/strong>.<\/p>\n \u201cTransak Stream bridges the gap between crypto and fiat with the simplicity users deserve and the compliance businesses demand,<\/strong>\u201d said Yeshu Agarwal<\/strong><\/a>, Co-Founder & CTO of Transak<\/strong>. \u201cWith Visa Direct and stablecoins like USDC at the core, we\u2019re creating an ecosystem where crypto becomes as easy to use as traditional money.\u201d<\/p>\n Limitless Use Cases For Web3: Transforming Payments, Payroll, And More<\/strong><\/p>\n The technical innovation behind Transak Stream is one of the industry\u2019s biggest for consumer-level crypto accessibility. By enabling near-instant conversions, this new product unlocks use cases across remittances, payroll, gaming, and more.<\/p>\n Key Features of Transak Stream<\/strong><\/p>\n Whether you\u2019re a freelancer cashing out earnings, a business automating payouts, or a developer integrating next-gen financial flows, Transak Stream sets a new benchmark for speed, accessibility, and global reach.<\/p>\n Building On Proven Success<\/strong><\/p>\n Transak Stream builds on the success of Transak\u2019s existing off-ramp solution, which has processed over $50 million across 100,000+ transactions globally in 2024 alone.<\/strong> Across all its products, Transak has processed over $1.4 billion<\/strong> in transactions for its 8 million+ users<\/strong> worldwide.<\/p>\n \u201cOur goal with Transak Stream is to create a future where crypto flows seamlessly into real-world financial systems,<\/strong>\u201d added Agarwal<\/a>. \u201cVisa Direct and Circle are integral to making this vision a reality, enabling secure, scalable, and compliant transactions across borders.\u201d<\/p>\n Visit <\/strong>Transak.com\/integrate-stream<\/strong><\/a> to get Transak Stream for your app<\/strong><\/p>\n About Transak<\/strong><\/p>\n Transak is the world’s most compliant and largest Web3 payments infrastructure provider, serving over 8 million users across 160 countries. It powers 350+ platforms, facilitating the purchase and sale of digital assets with its API-driven fiat-crypto on\/off-ramp, NFT checkout, and other solutions that simplify KYC, compliance, payment methods, and customer support.<\/p>\n Headquartered in Miami, US, and incorporated in Delaware, Transak has a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.<\/p>\n For more information, visit https:\/\/transak.com\/<\/a> or follow us on x.com\/transak<\/a> and linkedin.com\/company\/transak<\/a><\/p>\n\n
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