Visa and Mastercard: A boon for wallet holders, a threat to crypto exchanges?
Crypto debit cards aren’t new. But Visa supports 40 cryptocurrencies across an enormous network. “That’s a big deal,” said economist William Luther.
Converting cryptocurrency to fiat has never been easy, so the recent collaboration announced between Web3 infrastructure firm Transak and credit card giant Visa is probably welcome news — particularly for users of crypto wallets like MetaMask, Ledger and Trust Wallet.
As Cointelegraph reported in late January, “MetaMask users can now sell crypto directly to a Visa card.” Some 40 kinds of crypto can now be converted into local fiat currency at 130 million of Visa’s merchant locations across 145 countries.
The numbers alone are daunting, but this may also be an inflection point.
...