Coinbase, one of the leading cryptocurrency exchanges in the United States, has announced a significant partnership with Visa, the renowned credit card provider, aimed at facilitating real-time transactions between accounts.
In a recent press release, Visa revealed that this collaboration will enable customers within the US and European Union to use qualifying Visa debit cards for instant deposits into their Coinbase accounts, effectively bridging the divide between conventional finance and digital currencies.
“By integrating with the Visa Direct network, Coinbase users can now deposit funds into their accounts instantly using eligible Visa debit cards. With millions of users already linked to debit cards, this enhancement will allow for rapid access to account funds for those utilizing an eligible Visa debit card,” the announcement stated. “Visa Direct provides swift and secure monetary transactions, further linking traditional financial services with blockchain technology, thereby reducing the waiting times for fund accessibility.”
Additionally, through Visa Direct, customers will have the capability to purchase digital currencies directly with their debit cards and also withdraw funds to their bank accounts.
Akash Shah, senior director of product management at Coinbase, emphasized the significance of this development, stating, “Introducing this feature to our users aligns with our goal of promoting economic freedom globally. The integration with Visa Direct offers our eligible customers immediate access to their funds for trading. By allowing seamless money transfers and greater control over their finances, we are providing the trust, security, and flexibility they seek.”
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Disclaimer: The views expressed in The Daily Hodl are not intended as investment advice. Investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please remember that any transfers and transactions are made at your own risk, and any resulting losses are your responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets and is not a registered investment advisor. Additionally, The Daily Hodl participates in affiliate marketing.
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