Payment provider Visa and crypto exchange Coinbase announced a partnership. The initiative will allow Visa debit cardholders to fund Coinbase accounts in real time, as well as make instant crypto purchases and quick withdrawals to bank accounts.
Visa and Coinbase entered into an agreement that will allow Visa debit cardholders in the United States and European Union to make instant deposits and withdrawals on the Coinbase cryptocurrency exchange.
Under the new agreement, Coinbase customers will be able to purchase cryptocurrency and withdraw funds to a bank account in real time. The initiative is designed to improve the usability of the service for Coinbase users by minimizing wait times and providing secure money transfers. According to Yanilsa Gonzalez Ore, Head of Visa Direct, North America for Visa, the partnership will enable 24/7 trading capabilities on Coinbase via Visa debit cards.
Akash Shah, Senior Director, Product Management at Coinbase, added that the partnership with the payment giant will allow the cryptocurrency exchange to expand economic freedom by giving customers full control over their assets. According to him, the integration with Visa Direct opens the possibility for Coinbase customers to quickly replenish their balance for operational trading and withdraw funds to the bank with minimal delay.
Visa’s services for issuing crypto cards are used by FV Bank, Avalanche, dtcpay, SafePal, Transak, and many others.
