ChainCatcher reported that according to Decrypt, Coinbase announced that it will stop supporting the function of direct cryptocurrency paychecks starting November 25. The company recommends that users remove Coinbase accounts from their salary accounts to avoid delays in receiving their salaries.
A Coinbase spokesperson told Decrypt that the company decided to phase out the feature, but plans to launch a more optimized retail direct deposit experience in the future. The new feature, called "Coinbase Wallet Direct Deposit," will be rolled out to eligible users in the coming months, allowing customers to receive their wages directly in the form of cryptocurrency and deposit it into their Coinbase wallet.
The decision sparked user dissatisfaction, with many customers who relied on the feature for regular cryptocurrency investments expressing their disappointment on social media. The Coinbase support team acknowledged that the service outage does cause limitations, but hoped that it would lead to long-term improvements.
At present, Coinbase has not announced the specific launch date of the new wallet service, which may result in a service gap between the deactivation of current functions and the activation of new functions.
