Harbour’s Post

Digital products are now directly purchasable with a Visa debit card. This is another BIG step for digital product commerce. Now of course, how do you buy the product directly? For that, you're going to need a transaction point on your product to examine it's authenticity, provenance, and value, which falls under the MRKD patent you can learn more about at metamark.me or just hit me up. For context, Transak works on 40 crypto currencies, works across over 350 wallets and games like MetaMask, Trust Wallet, Coinbase Wallet, Ledger, Splinterlands, and Decentraland, and has an "on/off ramp widget" that's only a few lines of code making it the Stripe of crypto/fiat transactions.  And Visa is... Visa.

Transak partners with Visa to empower users with the ability to conduct seamless crypto-to-fiat transactions across 145 countries. This is a must have for wider adoption and mainstream acceptance of cryptocurrencies. “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 130M merchant locations where Visa is accepted,” said Yanilsa Gonzalez-Ore, North America Head of Visa Direct. Read more here - https://lnkd.in/g6qtTQZ7 #CryptoToFIAT #AdoptCrypto #MainstreamCryptos #CryptocurrencyAcceptance

Transak, the global leader in payments infrastructure for crypto and NFTs, has teamed up with Visa, the world's top digital payments provider, to integrate Visa Direct capabilities and improve its worldwide off-ramp service. This partnership is a major step forward, allowing users from over 145 countries to easily convert their cryptocurrency holdings into local fiat currencies. With Visa Direct, Transak is providing its users with a faster, simpler, and more connected experience. This makes it easier to convert crypto balances into fiat, which can be spent at the more than 130 million merchant locations where Visa is accepted. According to Yanilsa G., North America Head of Visa Direct and Global Ecosystem Readiness, "By enabling real-time card withdrawals through Visa Direct, Transak is delivering a faster, simpler, and more connected experience for its users." https://lnkd.in/gUfgn7gB #crypto #bitcoin #visa #transak

🚀 Web3 payments firm Transak has partnered with Visa Direct to streamline crypto-to-fiat conversions. This partnership can be a major step forward in the adoption (and regulation) of cryptocurrencies, as it will make it easier for businesses and consumers to use their crypto holdings for everyday purchases. Transak's technology will allow Visa Direct members to convert crypto into fiat currencies instantly and securely, without the need for traditional intermediaries. This news is particularly significant for businesses that are looking to start accepting cryptocurrency payments. With this integration, businesses will be able to offer their customers a seamless and secure way to pay with crypto. This is a great step for the fintech industry, and I am really curious to see how this partnership will bring as results. Here are some of the key benefits of this partnership: - Seamless crypto-to-fiat conversion: Transak's technology will allow Visa Direct members to convert crypto into fiat currencies instantly and securely. - Wide reach: Visa Direct has a network of over 160 million merchants worldwide, so businesses will be able to accept crypto payments from a large customer base. - Security: Visa Direct is a highly secure platform, so businesses can be confident that their customers' crypto holdings are safe. As a payment specialist I think this partnership can be game-changer for the industry, and I believe it will have a significant impact on the regulated adoption of cryptocurrencies (and I stressed the word "regulated"). It is also a sign that the traditional financial industry is taking notice of the growing trend of cryptocurrency adoption and is looking for ways to integrate it into mainstream payment systems. #cryptocurrency #payments #VisaDirect #Transak #innovation MEHDI SARDAOUI Marcel van Oost Bram Vreugdenhil Michael Jackson

https://lnkd.in/eTXbDpdx Visa has enabled direct withdrawal from Metamask wallet to a Visa card via Transak. The card can then be used as a normal debit card. Powerful technological leap. I wouldn't connect this to my secure ("cold") storage wallet yet, give it some time to mature from a security standpoint. But interesting option for a hot wallet and makes metamask an attractive service. In the future I think transactions will be running through Bitcoin lightning and the user will not need to understand any of the technological infrastructure to transact via the network. Pay by phone tap, or a card like a Tapsigner x Visa. Next step here is a bank allowing for credit balances through Visa's payment network, then it doesn't matter if a store is setup to accept BTC or not, Visa credit cards will be usable. Great work by both organizations to integrate the technology. Reach out to discuss any of this. #bitcoin #visa #payments #technology

How we got here, why payment people need to pay attention and bonus content at the bottom ;-) I remember vividly walking into a spacious meeting room, exactly five years ago, in a detached VISA office in the Lower Bay Area. Andrey Kurennykh and I were presenting this revolutionary idea of combining elements of crypto into the most accepted payment network in the world. I am ecstatic to see it happening today because it is a milestone in the adventurous road of the DeFi-TradFi convergence. Now, as proven with this Tangem-VISA card product, digital assets can flow agnostically to custodial arrangements and payment instrument issuance. In furtherance to the VISA Flexible Credentials vision, a card is more than an identifier. A next-gen card is a digital signing device that allows payments and identity architects to forge new digital-first experiences. If you are curious to see the birth, this is the video of the first successful test of self-custody stablecoin spend via a contactless VISA POS terminal: https://lnkd.in/eCrE5WBj That coffee cup is proudly displayed at the Tangem headquarters ☕

A report by BitcoinKE says that Bots account for 90% of #Stablecoin Transactions, Says Visa. A Stablecoin is any cryptocurrency designed to have a relatively stable price, typically through being pegged to a commodity or currency or having its supply regulated by an algorithm. Of the approximately $2.2 trillion in total transactions recorded in April 2024, Visa reports that only $149 billion stemmed from ‘organic payments activity.’ Cuy Sheffield, Head of Crypto at Visa, pointed out that stablecoin transactions may frequently be double-counted depending on the platforms involved in fund transfers. For instance, converting $100 worth of USDC to PayPal’s PYUSD on the decentralized exchange Uniswap would record $200 of total stablecoin volume on-chain. I asked David Gitonga of BitcoinKE:- "The news reports don’t say what exactly this means. Read by the unschooled in crypto, and the conclusion may be that all these bot transactions are fraudulent. Thoughts? David: A report by Blockchain Transparency indicated that 88% of the Top 25 cryptocurrency exchanges are manipulating their trading volume to boost their rankings. For a long time, it has been well known that in crypto assets, especially within exchanges, where the majority of trades happen, manipulation has been shown to take place. However, Austin Campbell, adjunct professor at Columbia Business School and former fund manager for Paxos’ BUSD, told CoinDesk in an interview. “Visa is a payments company. They're probably trying to get a measure of crypto that to them looks like peer-to-peer or small merchant payments.” “This means trying to exclude all of trading, so not just automated trading,” he said. Trading, it shouldn’t have to be said, is a pretty big part of why people use crypto. Additionally, as far as Campbell can tell, Visa’s report cut out wallet addresses for centralized exchanges like Binance and Coinbase, which both hold stablecoins used in services like prepaid cards, “some of which are literally Visas.” “Long story short, I think there's significant problems with what Visa is trying to do,” Campbell concluded. To conclude, I want to say the oft-used DYOR (Do Your Own Research) in the crypto ecosystem.

The big players are diving deeper into crypto, with banks like BBVA now minting their own stablecoins instead of relying on USDC or USDT. They're enabling more digital currency transactions within their own systems and pushing for better interoperability with other blockchains. This is actually helping fulfill one of crypto’s core missions—quick, seamless transactions to anyone, anywhere in the world, in real-time, and with minimal fees (just gas fees, for example). Visa: https://lnkd.in/g_Cu_vKp SWIFT: https://lnkd.in/g9Jy_3mU

Will Visa and Mastercard be around in 100 years 🤷♂️ Bitcoin does not need Visa or Mastercard to survive but.. Bitcoin is peer to peer. Why do we need a third party to “help” Mastercard and Visa need Bitcoin to stay relavent They also want to stay profitable and if they’re not part of the transaction they miss out on collecting those transaction fees 🧐🧐 If I was Mastercard or Visa I would be nervous 😬 Bitcoin is an incredibly powerful piece of technology 💪🏻 Would Visa be incorporating Bitcoin because it’s going to fizzle out or do they know what they’re doing and planning for the future? 🤷♂️🤷♂️🤷♂️ #visa #mastercard #lightning #bitcoin https://lnkd.in/gSNzxSHV

When people ask if you are already a #stablecoin user or not, don't be too quick to say, "No". Why? Check out the latest article from our CEO, Ross Kolodyazhnyi, to get the answer: https://lnkd.in/d3ygCHwg #crypto #digitalassets #fintech #payments #digitalfinance #financialinnovation