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Coinbase users can now fund their accounts in real-time with eligible Visa debit cards, thanks to a new integration with the Visa Direct network.
New Partnership Between Coinbase and Visa
Coinbase users in the U.S. and Europe can now deposit funds to their accounts using an eligible Visa debit card. This new partnership with Visa, announced on October 29, allows Coinbase customers to deposit funds in real-time, providing flexibility for those looking to respond quickly to crypto market movements.
Streamlined Access to Trading Funds
The integration aims to streamline access to trading funds by reducing wait times traditionally associated with crypto funding. The Visa Direct network facilitates immediate deposits, enabling users to top up accounts or make crypto purchases almost instantly. Visa debit cardholders can also cash out to their bank accounts in real time, minimizing delays across all major transactions on the platform.
“Providing real-time account funding using Visa Direct and an eligible Visa debit card means that those Coinbase users with an eligible Visa debit card know that they can take advantage of trading opportunities day and night.”
– Yanilsa Gonzalez Ore, head of Visa Direct, North America for Visa
Visa’s Expanding Role in the Crypto Market
This latest partnership marks another step in Visa’s expanding role in the crypto market. It builds on the company’s recent introduction of a blockchain platform for banks to manage fiat-backed tokens.
Earlier in October, Visa launched the Visa Tokenized Asset Platform, a network that enables financial institutions to mint, burn, and transfer fiat-backed tokens, including stablecoins. BBVA, the Spanish banking giant, became the platform’s first client, with plans to trial the technology on the public Ethereum blockchain starting in 2025.
For more news and updates on the cryptocurrency market, visit Global Crypto News.
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