Visa (NYSE: V), an enabler of digital payments, announced a partnership with digital assets firm Coinbase (NASDAQ:COIN).
This partnership adds convenience and new services for Coinbase customers across the US and EU, including “real-time,” reliable, and “secure” money movement.
By integrating with the Visa Direct network, Coinbase customers will be able to deposit funds into their Coinbase account in real-time “using eligible Visa debit cards.”
Coinbase has millions of users with a debit card connected to their account, and this feature will help unlock real-time1 delivery of “account funds for those using an eligible Visa debit card.”
This will allow customers to add funds offering them flexibility to take advantage of trading opportunities, which can be “critical in a dynamic crypto environment.”
Visa Direct delivers secure money movement and helps to bridge the “gap between traditional finance and blockchain technologies, helping to minimize waiting periods for fund availability.”
Akash Shah, Senior Director, Product Management at Coinbase said that bringing this feature to their customers supports their mission of ‘increasing economic freedom in the world.”
Shah added that the integration with Visa Direct gives eligible customers real-time1 access to their funds for trading.
They also noted that by enabling them to move money seamlessly and control their finances, they are “delivering the trust, security, and flexibility they expect.”
As a result of the functionality delivered by Visa Direct, Coinbase customers can now:
- Transfer funds into their Coinbase account in real-time1 using an eligible Visa debit card
- Purchase crypto on Coinbase directly with an eligible Visa debit card
- Cash out funds from Coinbase to a bank account, via an eligible Visa debit card, in real-time
Visa and Coinbase also continue to offer a Coinbase Visa debit card for US-based customers.
Visa is a firm focused on digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories.
Their mission is to connect the world via the secure payments network, enabling “individuals, businesses and economies to thrive.”
Visa added that they believe that economies that include everyone everywhere, uplift everyone everywhere and see access “as foundational to the future of money movement.”
