Visa, the international credit giant, announced on October 29 a partnership that enables real-time money transfers between traditional banking and crypto services using the Visa Direct network. The partnership brings new services to Coinbase customers in the US and EU, making money transactions safer and faster. 🚀
Coinbase users will be able to instantly deposit funds into their accounts with eligible Visa debit cards. This development bridges the gap between traditional finance and blockchain technologies, reducing the wait time for funds to become available. The partnership between Visa and Coinbase extends into 2020, and this new feature supports the mission of increasing economic freedom.
While the crypto industry has faced difficulties accessing traditional banking and payment systems due to market volatility and industry scandals, these difficulties may ease as crypto regulations around the world become clearer. Coinbase is set to report third-quarter earnings on October 30, and analysts expect earnings per share of 45 cents. 📈