Coinbase has announced a partnership with payments giant Visa to enable real-time crypto purchases via debit cards.
Eligible Visa debit cardholders in the US and EU can deposit funds directly into their Coinbase accounts, with some transactions processed instantly. These users can also use their debit card to purchase cryptocurrencies on Coinbase and withdraw funds directly to their bank account.
“Providing real-time account funding using Visa Direct and eligible Visa debit cards means that Coinbase users with eligible Visa debit cards will know they can take advantage of trading opportunities day or night. ” said Yanilsa González Ole, head of Visa Direct. North America said in a statement:
Coinbase previously partnered with Apto Payments to help launch the Coinbase Card in the UK and EU in 2019. Visa has been working with Coinbase for years to deliver a crypto debit card that allows users to spend crypto across the vendor’s network.
“Coinbase already has millions of users who have debit cards connected to their accounts,” Visa said. “Now, customers in the United States and European Union will be able to have “real-time delivery of account funds to customers using eligible Visa debit cards.”
The announcement comes a week after the Avalanche Foundation introduced Visa’s new cryptocurrency card. This will allow users to seamlessly spend cryptocurrencies at payment points.
The Avalanche card supports Circle’s USD Coin (USDC), Wrapped AVAX (wAVAX), BENQI Liquid Staked AVAX (sAVAX), and other cryptocurrencies.
Avalanche Foundation launches Visa Crypto Card
Avalanche Visa Crypto Card comes in physical and virtual formats with no usage fees
Avalanche Card’s website says the card is available in both physical and virtual formats and can be used “anywhere Visa is accepted.”
