The new partnership between Visa and Coinbase promises to provide instant, 24/7 funding for cryptocurrency transactions, allowing users in the U.S. and EU to access trading opportunities in real-time.
Coinbase and Visa collaborate to break down barriers to cryptocurrency funding.
Payment giant Visa has partnered with cryptocurrency exchange Coinbase to provide real-time account funding services for Coinbase users in the U.S. and EU by integrating Visa Direct.
Announced on Tuesday, this partnership "adds convenience and new services for Coinbase customers across the U.S. and EU, including real-time, reliable, and secure money transfers," according to Visa. By linking with the Visa Direct network, eligible Coinbase users with a Visa debit card will be able to send money directly to their accounts instantly, increasing speed and control over cryptocurrency transactions.
Yanilsa Gonzalez Ore, Director of Visa Direct for North America, highlighted the benefits for Coinbase users as follows:
Providing real-time account funding via Visa Direct and eligible Visa debit cards means that eligible Coinbase users with a Visa debit card know they can take advantage of trading opportunities day and night.
This feature provides more flexibility, allowing customers to access and transact funds instantly in the ever-changing cryptocurrency market.
Akash Shah, Senior Director of Product Management at Coinbase, emphasized that "the integration with Visa Direct enables our eligible customers to access their funds in real-time for transactions. By allowing them to transfer money seamlessly and control their finances, we are providing the trust, security, and flexibility they expect."
This new feature allows Coinbase users to transfer money instantly, buy cryptocurrency directly, and withdraw funds to their bank account using a Visa debit card, truly connecting traditional finance with the digital asset space. The Coinbase Visa debit card remains available in the United States as part of this expanding financial accessibility.
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