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Transak Launches ‘Transak Stream’ to Revolutionize Crypto-to-Fiat Off-Ramping

Transak has launched a new product called Transak Stream which aims to simplify the process of converting cryptocurrency to fiat currency. Users can send their crypto assets to a specific Transak Stream Address and quickly receive the equivalent amount in fiat in their card or bank account. Transak hopes that this streamlined conversion method will improve the off-ramp experience for users and provide a competitive advantage for entities and wallet partners. The CEO of Transak, Sami Start, expressed excitement about this development and stated that the platform aims to make crypto transfers as simple as cash. Transak Stream enables near-instant crypto-to-fiat conversions, opening up use cases for gaming, payroll, remittances, and more.

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