- Transak Stream provides rapid crypto-to-fiat transfers in only one step.
- Stream changes Web3 payments by enabling faster, borderless payouts.
One of the biggest Web3 payments infrastructure providers has introduced Transak Stream, a totally new product to make the cryptocurrency-to-fiat off-ramping experience change radically. The new thing offers an instant and frictionless process of converting cryptocurrencies and stablecoins into fiat. The user only needs to send assets to the specific address of their unique Transak Stream. It requires no orders and no extra applications or widgets. The system sends fiat directly to users’ bank accounts or cards.
Transak Stream makes crypto transactions feel as simple as the traditional ones, bridging the gap between the world of cryptocurrencies and real financial systems. Users can send assets such as USDC or BTC. They can receive the fiat equivalent in seconds to enhance both convenience and speed.
Transak Revolutionizes Off-Ramping with Transak Stream
Transak’s new solution cuts the time spent on off-ramping processes by dramatically reducing it. Transak Stream has successfully processed cash-outs in a live test within 19 seconds. That is in comparison to the traditional process which took 4 minutes. The smooth process unlocks use cases like gaming, payroll, remittances, and much more for Transak. A user can send stablecoins to their family living abroad. They can also receive instant fiat payments while freelancing or automate payments for their business operations.
A few of the segments that this conversion feature by Transak Stream is catering to include global remittances, payroll automation, and Web3 gaming. To make life easier for the developers, the product features a simplified integration process, it uses a simple API with customization features to maximize user engagement and retention.
The success of its previous off-ramp solutions has been built upon by Transak, processing over $50 million in transactions in 2024 alone. As the largest Web3 payment provider with more than 8 million customers across 160 countries, Transak is positioned to take charge in transforming cryptocurrency’s accessibility and real-world application.
