Key Points
- Coinbase rolled up real-time account funding for US and European customers.
- Coinbase and Visa’s partnership will allow users to benefit more from crypto trading.
Coinbase and Visa rolled out instant funding amidst the rising Bitcoin and crypto demand. According to the latest reports, real-time funding became available for Coinbase customers in the US and Europe.
Coinbase users who integrate Visa Direct and have eligible debit cards can now deposit funds into their accounts in real time while removing traditional delays in money transfers. Users will be able to enjoy reliable and secure transfers following this latest move.
As noted by Visa in an official release, the Coinbase crypto exchange already has millions of users who have a debit card connected to their accounts and the new feature will help unlock fast fund delivery, offering users more trading flexibility.
Visa Direct’s New Functionality
According to the official press release, the new functionality introduced by Visa Direct allows customers to:
- Transfer funds into their Coinbase account in real-time via an eligible Visa card
- Purchase crypto on Coinbase directly
- Cash-out funds from Coinbase to a bank account, via their eligible debit card
Yanlisa Gonzalez Ore, Head of Visa District, North America for Visa, said that the team is thrilled to team up with Coinbase to help customers by offering them real-time account funding using Visa Direct.
Also, Ore said that an eligible Visa debit card means that Coinbase users can take advantage of the exchange’s trading opportunities nonstop.
Akash Shah, Senior Director and Product Management at Coinbase said that this integration with Visa Direct offers traders the ability to move money seamlessly and control their finances with high trust, security, and flexibility.
Coinbase’s latest move comes amidst increasing crypto adoption globally which is supported by other crypto exchanges including Binance which also took important steps towards promoting global adoption recently.
