• Crypto & Funx
• 15 Jan, 2025

Through an innovative partnership with Visa, Coinbase has introduced real-time deposits via eligible Visa debit cards, reducing downtime and opening new doors for crypto traders across the US and Europe.

With this feature, Coinbase users can say goodbye to delays and take advantage of trading opportunities around the clock, supported by Visa’s secure and dependable infrastructure.

The Visa-Coinbase partnership aligns with Coinbase’s mission to increase economic freedom, making crypto trading more accessible and efficient. .

o offer real-time fund transfers for users holding eligible Visa debit cards.

According to a recent , the collaboration, aimed at improving the speed and ease of transactions, allows Coinbase customers across the United States and Europe to deposit funds into their accounts instantly, opening up new opportunities to take advantage of the fast-moving crypto market.

Coinbase Users to Enjoy Real-time Crypto Deposits

Coinbase said it integrated Visa Direct, Visa’s real-time payments network, into its platform to enable users to experience faster deposits directly into their wallets. With millions of Coinbase users already using Visa debit cards, this new feature is expected to add significant flexibility. According to the company, the new feature is available for real-time deposits and asset transfers from one wallet to another.

“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,” said Yanilsa Gonzalez Ore, Head of Visa Direct, North America for Visa.

For those who have been waiting for funds to clear before they could trade, Coinbase said the partnership with Visa minimizes downtime and maximizes trading opportunities. The company’s senior director at Product Management Akash Shah said introducing the new feature to Coinbase customers supports the company’s “mission of increasing economic freedom in the world.”

Bridging the Gap between TradFi and Blockchain

Meanwhile, the latest partnership follows Coinbase and Visa’s earlier initiatives, such as the Coinbase Visa debit card for US customers, which allows direct spending from Coinbase accounts. These efforts highlight the companies’ commitment to bridging the gap between traditional finance and blockchain technology, making crypto usage more practical and streamlined.

For Visa, the company recently joined forces with dtcpay to incorporate its digital payment capabilities into its vast global network, which spans over 130 million merchants in 200+ countries.

In a September 18 published by Coinspeaker, the US-based payment giant said it would roll out a dedicated payment card known as the “dtcpay Visa Infinite” card to enable users to convert their cryptocurrencies into fiat without hassle.

The global payment giant has also recently deepened its presence within the crypto economy with the of a new blockchain-powered platform where banks and other financial institutions can issue and manage digital assets backed by fiat currencies, such as stablecoins on-chain.

The new platform, Visa Tokenized Asset Platform (VTAP), is available on the Visa Developer Platform. According to Visa, interested participants can explore the platform to create and experiment with their own fiat-backed tokens in a sandbox program. So far, BBVA, a Spanish multinational banking giant, has signed up for the sandbox program, becoming the first bank to experiment with the new crypto solution. Visa said that VTAP will officially go live on the Ethereum blockchain next year following the successful trial phase.