Transak has launched a groundbreaking new product called Transak Stream, transforming the crypto-to-fiat off-ramping process. This innovation helps to easily exchange stablecoins and cryptocurrencies for fiat money. Currently, users can withdraw their money by transferring their cryptocurrency to the Transak Stream Address. In seconds, the equivalent fiat is credited into their account or card as the case maybe.

Transak Stream Enables Instant Global Remittances and Seamless Payroll Automation

In contrast to other approaches, Transak Stream takes only a few seconds to complete the transaction. This makes the crypto transactions seem more like making a payment than anything else, and perhaps that is the idea. This is the reason why Transak aims to deliver crypto transactions similar to the simplicity of cash. Therefore, the Transak Stream improves users engagement and enhances conversion rates for the platform partners. This is a one click solution, which means that there will be a lot of time and energy saved in the process.

Transak Stream’s technical development opens up several use cases. For instance, it supports international money transfer. On the one hand, migrant workers can transfer stablecoins to relatives. These funds can be directly deposited to bank accounts thereby eradicating conventional remittance costs.

It also handles the payroll function allowing businesses to pay employees in stablecoins accepted globally and which can be exchanged to local currency instantly. Freelancers and creators are also able to withdraw their earnings in fiat which will give them immediate access to their income.

Stream Expands to 145 Countries Ensuring Seamless Crypto Transactions Worldwide

Yeshu Agarwal, the Co-Founder, and CTO of Transak mentioned the satisfaction of using the product and legal aspects. Transak Stream is designed for many use cases with Visa Direct and stablecoins such as USDC at its core. They include international money transfers, salary processing, immediate payments for independent workers, and Web3 gaming. It enables buying/selling of over 40 popular cryptocurrencies and stablecoins for transactions in 29+ prominent blockchains.

Stream also covers Web3 gaming and possible recurring payouts. It works with over 40 popular cryptocurrencies and stablecoins to guarantee maximum compatibility. Additionally, the service is accessible in more than 145 countries and can be used anywhere in the world.