From Investing.com

December 12, 2024 1:00:45 pm:

Transak has launched Transak Stream, simplifying the crypto-to-fiat off-ramping process. Users can send crypto to their unique address and receive instant fiat in their bank account or card, eliminating the need for multiple steps or additional apps. The streamlined process reduces off-ramp time to seconds, boosting user engagement and retention.

Transak Stream revolutionizes off-ramping by enabling users to send assets to their unique address and receive instant fiat payouts in their bank account or card. The process, which once took minutes, now completes in seconds, making it easier to integrate stablecoins and crypto into everyday financial transactions. This innovation bridges the gap between crypto and fiat with simplicity and compliance.

The technical innovation behind Transak Stream unlocks limitless use cases for Web3, including remittances, payroll automation, instant payouts for freelancers, and more. Companies can pay employees globally in stablecoins, gamers can receive in-game asset payouts in seconds, and freelancers can access their earnings in fiat within minutes. The product also enables bank-enabled crypto off-ramping and AI-driven financial automation.

Transak Stream offers one-click, crypto-to-cash conversions, leveraging Visa, Mastercard, and a network of banking providers to deliver real-time payouts in over 145 countries. It supports 40+ cryptocurrencies and stablecoins across 29+ blockchain networks, making it accessible and efficient for users worldwide. Developers can easily integrate Transak Stream into their apps, enhancing user engagement and retention with one-click off-ramping capabilities.

Transak Stream builds on the success of Transak’s existing off-ramp solution, processing over $50 million across 100,000+ transactions globally in 2024 alone. The product aims to create a future where crypto seamlessly integrates into real-world financial systems, enabled by partnerships with Visa Direct and Circle. With a commitment to secure, scalable, and compliant transactions, Transak Stream sets a new standard for crypto off-ramping.

Read more at Investing.com: Introducing Transak Stream By Chainwire