Crypto Journalist
Amin Ayan
Crypto Journalist
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Crypto payments firm Mercuryo has partnered with Visa to enable near real-time conversion of digital assets into fiat currency.
Key Takeaways:
- Mercuryo’s partnership with Visa enables near real-time crypto-to-fiat off-ramps directly to Visa debit and credit cards.
- The integration cuts costs and settlement times, especially for cross-border payouts.
- Users can convert and spend crypto through existing wallets at over 150 million merchants worldwide.
The move allows users to send proceeds directly to Visa debit and credit cards through Visa Direct, the payments giant’s real-time money movement network.
Under the arrangement, eligible Mercuryo users will be able to off-ramp crypto holdings and receive fiat funds on their cards within minutes, according to the companies.
Mercuryo Taps Visa Direct to Speed Up Low-Cost Crypto-to-Fiat Payments
The service is designed to reduce settlement times and costs compared with traditional conversion and payout methods, particularly for cross-border transactions.
The integration expands Mercuryo’s use of Visa Direct, which already supports real-time transfers across brokerage, crypto and digital banking accounts.
By tapping into Visa’s global payments infrastructure, Mercuryo said it aims to make crypto-to-fiat conversions more accessible without requiring users to leave the wallets, exchanges or platforms they already use.
Mercuryo said the partnership allows Visa Direct to connect with its network of non-custodial wallets, exchanges and payment providers, giving millions of users access to fast off-ramping tools through familiar interfaces.
Funds converted to fiat can be spent at more than 150 million merchant locations worldwide that accept Visa.
“This partnership with Visa will further enhance Mercuryo’s ability to deliver a fast, low-cost user experience,” said Mercuryo co-founder and CEO Petr Kozyakov.
He said the integration reduces the friction historically associated with moving funds across borders or cashing out digital assets, allowing users to access local currencies more quickly.
Anastasia Serikova, head of Visa Direct in Europe, said the collaboration is intended to bridge the gap between crypto platforms and traditional financial systems.
She said the service enables users to convert digital assets into fiat in near real time, improving convenience and reliability for everyday payments.
Visa Deepens Crypto Strategy as Stablecoin Settlements Reach $3.5B Run Rate
The deal adds to Visa’s growing push into digital assets. In December, the company launched a Stablecoins Advisory Practice to help businesses explore ways to integrate stablecoins into their operations.
In July last year, Visa surpassed $200 million in cumulative stablecoin settlement volume while expanding its crypto infrastructure through African partnerships and platform development.
However, CEO Ryan McInerney warned that the technology still requires clearer regulations to reach its full potential.
Visa has also reported rising stablecoin settlement volumes, reaching an annualized run rate of $3.5 billion.
Earlier, Visa partnered with crypto infrastructure firm Aquanow to improve stablecoin settlement speeds and reduce reliance on legacy payment rails.
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