Coinbase users can now fund their accounts in real-time using eligible Visa debit cards thanks to a new integration with the Visa Direct network.
Thanks to a new partnership with Visa, Coinbase users in the US and Europe can now fund their accounts using eligible Visa debit cards. Visa said in a press release on October 29 that the integration will allow Coinbase customers to deposit funds in real-time, providing flexibility for customers who want to quickly respond to movements in the crypto market.
This feature aims to streamline access to trading funds by reducing the latency associated with traditional cryptocurrency funding. The Visa Direct network facilitates instant deposits, allowing users to top up their accounts and purchase cryptocurrencies almost instantly. Visa debit cardholders can also withdraw cash to their bank accounts in real-time, minimizing delays on all major transactions on the platform.
“Offering real-time account funding using Visa Direct and eligible Visa debit cards recognizes that Coinbase users with eligible Visa debit cards can take advantage of trading opportunities day or night. It means.”
Yanilsa González Ore, Head of North America, Visa Direct
This latest partnership marks another step in Visa’s expanding role in the cryptocurrency market, building on the company’s recent introduction of a blockchain platform for banks to manage fiat-backed tokens.
In early October, Visa launched the Visa Tokenized Asset Platform, a network that allows financial institutions to mint, burn, and transfer fiat-backed tokens, including stablecoins. BBVA, a major Spanish bank, will be the platform’s first customer and will pilot the technology on the public Ethereum blockchain starting in 2025.
