Transak, a global leader in Web3 payments infrastructure, has
officially launched
Transak Stream, a
groundbreaking innovation that redefines the crypto-to-fiat
off-ramping experience. This new product delivers unmatched
simplicity, making stablecoin and cryptocurrency conversions to
fiat as seamless as sending a token between wallets.
Imagine this: A user with a Web3 wallet wants to withdraw $1,000
USDC. All they need to do is send their crypto to
their unique Transak Stream Address. Within
seconds, the equivalent fiat amount is deposited into their bank
account or card— no order placement, no need to open additional
apps, no widget.
Click here to see Transak Stream in action
Such a smooth, hassle-free process transforms the off-ramp
experience, making it incredibly user-friendly while offering
wallet partners and platforms a competitive advantage, i.e.,
enhanced user retention, higher conversions.
“Our goal was simple, yet ambitious — make crypto as intuitive
as cash. Transak Stream is a giant leap in that direction. It makes
crypto transactions feel as natural as everyday payments,” said
Sami Start, CEO of Transak.
The Future of Off-Ramping: One Step, Instant
Cash-Outs
Transak Stream revolutionizes the off-ramping process by
reducing it to a single step:
1. Send Stablecoins or Crypto: Users simply
send their assets to their unique Transak Stream
Address.
2. Instant Fiat Payout: The fiat equivalent is
instantly deposited into their linked bank account (SEPA, FASTER)
or card (Visa/Mastercard).
This innovative approach streamlines the traditionally
cumbersome multi-step off-ramping process. Transactions
that once took ~5 minutes or more are now completed in
seconds, making it easier to integrate stablecoins and
crypto into real-world financial use cases. In a live test, Transak
compared its standard off-ramp with the new Transak Stream. The
results were striking: while the standard process took
approximately 4 minutes, Stream enabled cash-outs in just
19 seconds.
“Transak Stream bridges the gap between crypto and fiat
with the simplicity users deserve and the compliance businesses
demand,” said Yeshu Agarwal,
Co-Founder & CTO of Transak. “With Visa Direct and
stablecoins like USDC at the core, we’re creating an ecosystem
where crypto becomes as easy to use as traditional money.”
Limitless Use Cases For Web3: Transforming Payments,
Payroll, And More
The technical innovation behind Transak Stream is one of the
industry’s biggest for consumer-level crypto accessibility. By
enabling near-instant conversions, this new product unlocks use
cases across remittances, payroll, gaming, and more.
- Global Remittances:
Migrant workers can send stablecoins to family members, with funds
seamlessly deposited into local bank accounts as fiat, eliminating
traditional remittance fees and delays.
- Payroll Automation:
Companies can pay employees globally in stablecoins, which convert
automatically into local fiat for immediate access.
- Instant Payouts for
Freelancers and Creators: Freelancers earning in
stablecoins can access their earnings in fiat within minutes, ready
to spend or save.
- Bank-Enabled Crypto
Off-Ramping: Banks can integrate Transak Stream to offer
their customers direct crypto-to-fiat conversion within their
existing banking apps, creating seamless flows and engaging crypto
users.
- AI-Driven Financial
Automation: Apps can leverage AI-powered tools to automate
financial flows. For example, a task management app could verify
completed milestones and trigger automated payouts in fiat using
Transak Stream.
- Web3 Gaming: Enable
seamless in-game asset payouts directly to players' bank accounts
in seconds.
- Recurring Payouts:
From lending to staking, get recurring yield payouts directly to
bank or card.
Key Features of Transak Stream
Whether you’re a freelancer cashing out earnings, a business
automating payouts, or a developer integrating next-gen financial
flows, Transak Stream sets a new benchmark for speed,
accessibility, and global reach.
- One-Click,
Crypto-To-Cash: Users send crypto to their unique
Transak Stream Address, and fiat is deposited directly
into their bank accounts or cards- within seconds.
- Global Reach:
Transak Stream leverages Visa, Mastercard and a network of all
localized banking providers (SEPA, FASTER, more coming soon) to
deliver real-time payouts in over 145 countries,
ensuring users have instant access to their funds.
- Broad Asset
Compatibility: Supports 40+ popular cryptocurrencies and
stablecoins such as USDC, USDT, BTC, ETH, and SOL across 29+ major
blockchain networks.
- Designed for
Developers: Partners can just pass 5 mandatory query
params and enable Stream for their app also available with robust
APIs and fully customizable capabilities to enable platforms to
integrate one-click off-ramping, enhancing user retention and
engagement.
- Industry’s fastest
Off-Ramp: The innovation of introducing Transak Stream
wallets make it child’s play for users to off-ramp in one -click,
making it the fastest and easiest way to cash out crypto.
- Send becomes the new
sell: Send crypto from any wallet to Transak Stream
Address to off-ramp in under one minute.
Building On Proven Success
Transak Stream builds on the success of Transak’s existing
off-ramp solution, which has processed over $50 million
across 100,000+ transactions globally in 2024 alone.
Across all its products, Transak has processed over $1.4
billion in transactions for its 8 million+
users worldwide.
“Our goal with Transak Stream is to create a future
where crypto flows seamlessly into real-world financial
systems,” added Agarwal. “Visa Direct and Circle are
integral to making this vision a reality, enabling secure,
scalable, and compliant transactions across borders.”
Visit
Transak.com/integrate-stream to get
Transak Stream for your app
About Transak
Transak is the world's most compliant and largest Web3 payments
infrastructure provider, serving over 8 million users across 160
countries. It powers 350+ platforms, facilitating the purchase and
sale of digital assets with its API-driven fiat-crypto on/off-ramp,
NFT checkout, and other solutions that simplify KYC, compliance,
payment methods, and customer support.
Headquartered in Miami, US, and incorporated in Delaware,
Transak has a tech hub in Bengaluru and offices in London, Milan,
Dubai, and Hong Kong.
For more information, visit https://transak.com/ or follow us on
x.com/transak and linkedin.com/company/transak
Contact
Harshit Gangwar
Harshit.Gangwar@transak.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/59f0ff25-d29f-4fee-b0a0-e99812c53de5
