Visa and Coinbase have formed a groundbreaking partnership that promises to revolutionize the world of crypto trading by providing instant, round-the-clock funding for users in the U.S. and EU.
The collaboration between payment giant Visa and leading crypto exchange Coinbase will enable real-time account funding for users in the U.S. and EU through the integration of Visa Direct. This partnership aims to enhance convenience and introduce new services for Coinbase customers, including fast, secure, and reliable money movement.
By leveraging the Visa Direct network, Coinbase users with eligible Visa debit cards will have the ability to instantly deposit funds into their accounts, providing them with greater speed and control over their crypto trades. Yanilsa Gonzalez Ore, Head of Visa Direct for North America, emphasized the benefits of this partnership, highlighting the opportunity for users to take advantage of trading opportunities at any time of day.
This new feature offers customers increased flexibility, allowing them to access and trade funds immediately in response to the dynamic nature of the crypto market. Akash Shah, Senior Director of Product Management at Coinbase, underlined the significance of the integration with Visa Direct, emphasizing that it gives eligible customers real-time access to their funds for trading, aligning with their expectations for trust, security, and flexibility.
The introduction of this functionality enables Coinbase users to seamlessly transfer funds, purchase crypto directly, and withdraw to bank accounts using their Visa debit cards, effectively bridging the gap between traditional finance and the digital asset sector. The Coinbase Visa debit card will continue to be available in the U.S. as part of this broader effort to increase financial accessibility.
