Visa's recent integration supporting 40 cryptocurrencies across its network signals a significant advancement in simplifying cryptocurrency transactions.

Economist William Luther underscores the importance of this development, noting its potential impact on the crypto market.

The collaboration between Visa and Web3 infrastructure firm Transak streamlines the conversion process from cryptocurrency to fiat currency, benefiting users of popular crypto wallets like MetaMask, Ledger, and Trust Wallet.

With the ability to convert 40 types of cryptocurrencies into local fiat currencies at over 130 million merchant locations in 145 countries, this initiative expands the usability of cryptocurrencies and potentially alters their global perception and utilisation.