Visa Users Can Now Directly Withdraw Cryptocurrency in 145 Countries
Visa has partnered with Transak to enable quick crypto-to-fiat conversions.


Visa has partnered with Transak, a payments infrastructure provider, on what they call a “revolutionary” step to offer customers in 145 countries the ability to convert their cryptocurrency holdings into local currencies.
Citing a lack of options for people seeking to transfer their cryptocurrency to fiat, Transak said the partnership will allow a quick and easy process to convert balances, in 30 minutes or less, which can then be used at businesses where Visa cards are accepted. Transak serves the crypto and non-fungible token (NFT) market.
The partnership will hugely expand on current crypto transfer offerings and allow people to quickly exit the crypto market, Transak said in a blog announcing the deal.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The news follows the Securities and Exchange Commission's (SEC) approval of rule changes last month that will allow spot bitcoin exchange-traded funds (ETFs) to begin trading in U.S. markets. Bitcoin is the world's largest cryptocurrency, and the approval will help pave the way for mainstream investors to more easily access exposure to the cryptocurrency, as Kiplinger previously reported.
40 types of cryptocurrencies covered
The Transak and Visa partnership will cover more than 40 types of cryptocurrencies and, according to the Transak blog, will expedite access to funds in a “dramatic” way.
Yanilsa Gonzalez-Ore, North America head of Visa Direct and Global Ecosystem Readiness, said in the blog that, by enabling real-time card withdrawals through Visa Direct, "Transak is delivering a faster, simpler and more connected experience for its users — making it easier to convert crypto balances into fiat, which can be spent at the more than 130 million merchant locations where Visa is accepted."
Separately, Visa has taken a number of steps toward integrating more cryptocurrency options in recent years. These include programs to help creators navigate NFTs and programs for brands to create digital wallets where customers can store rewards.
The SEC's Office of Investor Education and Advocacy urges people to be cautious if considering crypto investments and provides a website to explore for more information.
RELATED CONTENT
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Jamie Feldman is a journalist, essayist and content creator. After building a byline as a lifestyle editor for HuffPost, her articles and editorials have since appeared in Cosmopolitan, Betches, Nylon, Bustle, Parade, and Well+Good. Her journey out of credit card debt, which she chronicles on TikTok, has amassed a loyal social media following. Her story has been featured in Fortune, Business Insider and on The Today Show, NBC Nightly News, CBS News, and NPR. She is currently producing a podcast on the same topic and living in Brooklyn, New York.
-
Retire in Mexico: Get a Lower Cost of Living Near the US
Many older Americans retire in Mexico because of its laid-back lifestyle, beaches, and vibrant culture. Here’s the scoop on living in Mexico full-time.
By Brian O'Connell Published
-
Financial Fact vs Fiction: This Roth Conversion Myth Could Cost You
While some 'golden rules' stay in style forever, the financial landscape is constantly evolving. Here are five common myths to revisit (with more on the way).
By Scott McClatchey, CFP® Published
-
Financial Fact vs Fiction: This Roth Conversion Myth Could Cost You
While some 'golden rules' stay in style forever, the financial landscape is constantly evolving. Here are five common myths to revisit (with more on the way).
By Scott McClatchey, CFP® Published
-
Give Now or Leave an Inheritance? How to Balance the Options
You've saved enough money for retirement. But can you afford to give some to family or good causes — and when is best? These are the key points to consider.
By Deana Healy, CFP® Published
-
Why Does the Fed Prefer PCE Over CPI?
Inflation has been top of mind for lots of folks in recent years. Most of Wall Street follows the CPI but the Fed favors the PCE. Here's why.
By Charles Lewis Sizemore, CFA Published
-
Trump's Tariffs Could Make Your Favorite Clothing Brands More Expensive
President Donald Trump announced tariffs on imported goods from a litany of countries. See how these tariffs will impact your favorite clothing line.
By Sean Jackson Published
-
How to Age-Proof Your Retirement Plan
Longevity risk is a big threat to your retirement, but there are several strategies to protect yourself from running out of money, no matter how long you live.
By Nico Pesci Published
-
Retirement Planning for Couples With a Generation Gap
Do you and your partner have different retirement timelines and attitudes to saving? It is possible to make plans together. This is how one couple did it.
By Phil Wright, Certified Fund Specialist Published
-
Stock Market Today: Dow Drops Another 2,231 Points to Hit a Correction
The Nasdaq Composite, meanwhile, entered a new bear market with its latest slide.
By Karee Venema Published
-
GameStop Is Closing More Stores — Here’s Where to Shop Instead
As GameStop closes more locations, here’s how to score similar deals on games, consoles and collectibles at other major retailers.
By Kathryn Pomroy Published