Visa and Coinbase have joined forces to simplify the movement of money for crypto users. This partnership will enable Visa users with eligible debit cards to instantly fund and withdraw from their Coinbase accounts.
According to the press release, the initiative, launched across the US and EU, integrates with Visa Direct’s network for quick and reliable transactions. Visa sees this collaboration as a step toward bridging the gap between traditional finance and blockchain technology.
Real-time trading made easy for Coinbase users
This new feature includes the ability for users to transfer funds smoothly and without any interruption, making real-time trading needs possible. North American Head of Visa Direct, Yanilsa Gonzalez Ore, repositioned the partnership as a tool to enable Coinbase users to make trades at any time.
This step helps provide flexibility, which allows Coinbase users to take advantage of trading opportunities without any delay. Senior Director of Product Management Akash Shah at Coinbase outlined that the integration process opens up financial freedom for people.
He said:
The integration with Visa Direct gives our eligible customers real-time 1 access to their funds for trading. By enabling them to move money seamlessly and control their finances, we are delivering the trust, security, and flexibility they expect.
As a result of this partnership, Coinbase customers with eligible Visa debit cards can now fund their accounts instantly. They can also purchase crypto directly or transfer funds back to their bank accounts, providing a streamlined experience.
This capability extends Coinbase’s existing offerings, including the Coinbase Visa debit card for US-based users. However, this development offers essential tools for the fast-paced crypto market, where timing can considerably make all the difference.
Both companies see this as the next important step in making traditional banking convenience meet crypto finance innovation, and this is aligned with the vision of both companies for a more dynamic space of finance.
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