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Coinbase announces partnership with payments giant Visa for real-time account funding

Umito October 31, 2024

Coinbase, the leading US cryptocurrency exchange, announces a partnership with credit card giant Visa for real-time account-to-account transactions.

In a new press releaseThe payments titan says the collaboration will allow customers in the US and EU to use eligible Visa debit cards to instantly deposit funds into their Coinbase accounts, bridging the gap between traditional finance and assets digital.

“By integrating with the Visa Direct network, Coinbase customers will be able to deposit funds into their Coinbase account in real-time using eligible Visa debit cards.

Coinbase already has millions of users with a debit card connected to their account, and this new feature will help unlock real-time delivery of account funds for those using an eligible Visa debit card…

Visa Direct enables fast and secure money movements and further helps bridge the gap between traditional financial technologies and blockchain technologies, helping to minimize waiting times for funds availability.

Through Visa Direct, customers can also purchase digital assets directly using their debit cards as well as cash out funds to a bank account.

As Akash Shah, Senior Director of Product Management at Coinbase, said in the press release:

“Offering this functionality to our customers supports our mission to increase economic freedom around the world. The integration with Visa Direct gives our eligible customers real-time access to their funds for trading purposes.

By enabling them to seamlessly transfer money and control their finances, we give them the confidence, security and flexibility they expect.

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