As an analyst with over two decades of experience in the financial industry, I must say that this latest partnership between Coinbase and Visa is a game-changer for crypto enthusiasts like myself. The ability to fund Coinbase accounts instantly through a Visa debit card is not just a convenience, but a strategic move that aligns with the fast-paced nature of cryptocurrency trading.
Users of Coinbase are now able to instantly add funds to their accounts using eligible Visa debit cards, courtesy of a recent collaboration with the Visa Direct system.
Users of Coinbase, based in both the U.S. and Europe, now have the option to instantly add funds to their accounts by using a compatible Visa debit card, thanks to a recent partnership with Visa. According to a press release on October 29th, this integration provides real-time funding for Coinbase users, enabling them to react swiftly to fluctuations in the crypto market.
I’m thrilled about Visa teaming up with Coinbase, allowing Coinbase to leverage Visa Direct for funding their accounts and facilitating immediate cash withdrawals.
— Cuy Sheffield (@cuysheffield) October 30, 2024
This function is designed to simplify the process of obtaining trading funds by decreasing the usual wait times linked with cryptocurrency funding. The Visa Direct network accelerates immediate deposits, empowering users to swiftly load their accounts or purchase cryptocurrencies instantly. Additionally, Visa debit cardholders can immediately withdraw their funds to their banks, reducing delays in all significant transactions on the platform.
By utilizing Visa Direct and a qualified Visa debit card, Coinbase users with such cards can fund their accounts instantly, ensuring they’re always ready to capitalize on trading possibilities, 24/7.
Yanilsa Gonzalez Ore, head of Visa Direct, North America for Visa
This new collaboration signifies another advancement in Visa’s growing involvement within the cryptocurrency sector, further developing upon their recent launch of a blockchain system designed for banks to handle fiat-linked tokens.
In October, Visa introduced its Visa Tokenized Asset Platform, a system that allows financial institutions to create, destroy, and transfer tokens backed by real-world currency, such as stablecoins. BBVA, a major Spanish bank, was the first client on this platform, intending to test the technology on the public Ethereum blockchain starting in 2025.
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2024-10-30 10:03