Ethereum

Bank

America

2024

Coinbase users can now fund their accounts in real-time with eligible Visa debit cards, thanks to a new integration with the Visa Direct network.
<a href="https://crypto.news/tag/coinbase/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> users in the U.S. and Europe can now deposit funds to their accounts with an eligible <a href="https://crypto.news/tag/visa/" target="_blank" rel="noopener noreferrer nofollow">Visa</a> debit card, following a new partnership with Visa. In an Oct. 29 <a href="https://investor.visa.com/news/news-details/2024/Coinbase-to-Integrate-Visa-Direct-to-Deliver-Real-Time-Account-Funding-for-Customers/default.aspx" target="_blank" rel="noopener noreferrer nofollow">press release</a>, Visa said the integration allows Coinbase customers to deposit funds in real-time, offering flexibility for those looking to respond quickly to crypto market movements.
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 Excited for Visa to partner with <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@coinbase</a> to help them utilize Visa Direct to fund Coinbase accounts and enable real time cash outs <a rel="noopener noreferrer nofollow" href="https://t.co/aA9l6ZvwHm" target="_blank">https://t.co/aA9l6ZvwHm</a>— Cuy Sheffield (@cuysheffield) <a href="https://twitter.com/cuysheffield/status/1851425562474263016?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 30, 2024</a>
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You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/visa-vs-stablecoins-are-they-really-competing/"> Visa vs. stablecoins: are they really competing? </a>
The feature aims to streamline access to trading funds by reducing wait times traditionally associated with crypto funding. The Visa Direct network facilitates immediate deposits, enabling users to top up accounts or make crypto purchases almost instantly. Visa debit cardholders can also cash out to their bank accounts in real time, minimizing delays across all major transactions on the platform.
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 “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.”
 Yanilsa Gonzalez Ore, head of Visa Direct, North America for Visa
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This latest partnership marks another step in Visa’s expanding role in the crypto market, building on the company’s recent introduction of a blockchain platform for banks to manage fiat-backed tokens.
Earlier in October, Visa <a href="https://crypto.news/visa-unveils-blockchain-platform-for-banks-to-handle-fiat-backed-tokens/" target="_blank" rel="noopener noreferrer nofollow">launched</a> the Visa Tokenized Asset Platform, a network enabling financial institutions to mint, burn, and transfer fiat-backed tokens, including stablecoins. BBVA, the Spanish banking giant, became the platform’s first client, with plans to trial the technology on the public Ethereum blockchain starting in 2025.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/visa-wraps-up-hong-kong-cbdc-trial-with-hsbc-and-hang-seng-bank/"> Visa wraps up Hong Kong CBDC trial with HSBC and Hang Seng Bank </a>

Coinbase brings real-time deposits via debit cards by partnering with Visa

crypto.news

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