Crypto Firm Partners With Visa to Enable Near Real-Time Crypto-to-Fiat Off-Ramping

Core Insights - Mercuryo has partnered with Visa to enable near real-time conversion of digital assets into fiat currency [1][3] - The collaboration allows users to send proceeds directly to Visa debit and credit cards through Visa Direct, enhancing the speed and efficiency of crypto-to-fiat transactions [3][4] Group 1: Partnership Details - The partnership aims to reduce settlement times and costs compared to traditional conversion methods, particularly for cross-border transactions [4] - Eligible Mercuryo users can off-ramp crypto holdings and receive fiat funds on their cards within minutes [3][6] - The integration connects Visa Direct with Mercuryo's network of non-custodial wallets, exchanges, and payment providers, making crypto-to-fiat conversions more accessible [5] Group 2: User Experience and Market Reach - Funds converted to fiat can be spent at over 150 million merchant locations worldwide that accept Visa [6] - The service improves convenience and reliability for everyday payments by bridging the gap between crypto platforms and traditional financial systems [7] - The partnership enhances Mercuryo's ability to deliver a fast, low-cost user experience, reducing friction in moving funds across borders [6][9] Group 3: Industry Context - This deal is part of Visa's broader strategy to deepen its involvement in digital assets, including the launch of a Stablecoins Advisory Practice [8]