A new horizon dawns for both Visa and Coinbase.
TradFi payment company Visa is championing a new partnership with Coinbase to offer instant deposit services for customers using eligible debit cards.
This news arrives lately, showing just how the two companies are bonding.
Visa’s Head of Crypto, Cuy Sheffield said that he’s excited for Visa to partner with Coinbase to help them utilize Visa Direct to fund Coinbase accounts and enable real time cash outs.
Of course, these are times of excitement.
He also made it known that this integration will empower crypto users in the US and EU to fund their Coinbase accounts on the spot, enabling faster responses to crypto market shifts.
That’s a good thing, since humans want anything the fastest.
Visa also put out a statement that the new will help to streamline the funding process by cutting down traditional wait times. The firm noted that the Visa Direct network powers these instant deposits, allowing users to top up accounts or make crypto purchases almost immediately.
What this means is that anyone can open bank accounts in real time, ensuring smoother transactions for various crypto activities.
Yanilsa Gonzalez-Ore, Head of Visa Direct North America, talked about the advantage:
He said that providing real-time account funding using Visa Direct and an eligible Visa debit card means that those Coinbase users with an eligible Visa debit card know that they can take advantage of trading opportunities day and night.
The new feature complements Coinbase’s existing Visa debit card launched in October 2020. This card allows US exchange users to spend Bitcoin and other cryptocurrencies for everyday purchases or ATM withdrawals, converting crypto to cash as needed.
What a new era for both mega companies!