Coinbase has announced a new partnership with Visa, enabling users to fund their accounts in real time using eligible Visa debit cards. This integration with the Visa Direct network will allow Coinbase customers in the U.S. and Europe to make immediate deposits, enhancing their ability to react swiftly to fluctuations in the cryptocurrency market.
In a press release dated October 29, Visa highlighted that this feature streamlines access to trading funds by significantly reducing the traditional wait times associated with cryptocurrency transactions. With Visa Direct, users can quickly top up their accounts or make crypto purchases almost instantly. Additionally, debit cardholders can cash out to their bank accounts in real time, ensuring minimal delays in all major transactions on the platform.
“By enabling real-time account funding with Visa Direct and eligible Visa debit cards, we empower Coinbase users to seize trading opportunities around the clock,” said Yanilsa Gonzalez Ore, head of Visa Direct for North America.
This partnership represents a significant move for Visa as it continues to strengthen its presence in the cryptocurrency sector. The collaboration follows Visa’s recent launch of a blockchain platform designed to assist banks in managing fiat-backed tokens.
Earlier this month, Visa introduced the Visa Tokenized Asset Platform, which allows financial institutions to mint, burn, and transfer fiat-backed tokens, including stablecoins. Spanish banking giant BBVA has already signed on as the platform’s first client, planning to test the technology on the public Ethereum blockchain starting in 2025.
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