Visa and Coinbase have announced a new partnership that enables eligible debit card users in the US and EU to instantly fund their Coinbase accounts. Previously, there was a delay in fund availability for trading on Coinbase, but with this integration with Visa Direct, users can now deposit funds quickly and efficiently. This move aims to blur the lines between the traditional financial system and the blockchain world. Visa’s technology allows for near-instantaneous money movement, reducing the wait time for funds to clear and allowing users to capitalize on market movements. Yanilsa Gonzalez Ore, Visa Direct’s Head for North America, emphasized the significance of this partnership, stating that customers can now take advantage of trading opportunities at any time. Furthermore, users can buy cryptocurrencies on Coinbase directly with their Visa debit card, eliminating the typical delay for these transactions. They can also cash out from Coinbase to their bank account using the same eligible Visa debit card. This feature enhances the Coinbase user experience, especially in the US, where Coinbase offers a Visa debit card that allows users to spend cryptocurrencies wherever Visa is accepted. Visa has established partnerships with over 50 crypto entities to launch card programs, enabling users to convert their digital currencies into usable funds. The primary goal of these alliances is to make cryptocurrencies more practical for everyday use, integrating them into conventional shopping experiences.
