As a seasoned financial analyst with over two decades of experience in the ever-evolving world of finance, I find this partnership between Visa and Coinbase to be an exciting development. My career has been marked by witnessing the intersection of traditional finance and emerging technologies, and this collaboration is yet another testament to that trend.
Users of Visa, who possess qualifying debit cards, will shortly have the ability to immediately transfer and retrieve funds from their Coinbase accounts, following the announcement of a collaboration between the two entities.
As a crypto investor, I’ve noticed that Coinbase, a platform I use regularly, boasts millions of users who have their debit cards linked to their accounts. In a recent statement on October 29th, Visa announced exciting news for us – real-time access to our account funds! This applies to all users in the United States and European Union who use an eligible Visa debit card.
Users of Coinbase can now buy cryptocurrency directly on the platform using a valid Visa debit card, as well as instantly withdraw funds from the exchange into their linked bank accounts – this real-time transfer is contingent upon the specific bank and geographical location.
Yanilsa Gonzalez Ore, who leads Visa Direct in North America, stated that this collaboration implies “Coinbase users with a valid Visa debit card now have the assurance that they can seize trading opportunities around the clock.
In recent times, there’s been a sluggish phase for cryptocurrency offerings from traditional financial institutions following the significant collapse of FTX at the end of 2022. This event has shaken investor confidence in the sector, caused a downturn in the crypto market, and sparked a banking crisis as early as 2023. Therefore, this new offering arrives amidst this challenging backdrop.
Yet, the operational guidelines for local activities of cryptocurrency service providers such as Coinbase were established by the Markets in Crypto-Assets Regulation (MiCA), which was enacted earlier this year within the European Union’s regulatory framework, providing legal clarity on their practices.
In the United States, significant cryptocurrency companies like Coinbase have invested millions in efforts to impact both the presidential and congressional elections. Experts in this field are now suggesting that the upcoming administration or Congress may enact favorable regulations for cryptocurrencies, regardless of who wins on November 3rd.
For quite some time, Visa has been associated with Coinbase, providing the necessary power for Coinbase’s cryptocurrency debit cards. This arrangement allows users to use their digital currencies at a variety of merchants within the Visa network.
On October 28th, the well-known payment and credit card company entered into a comparable agreement with FV Bank. This partnership supports the financial technology firm’s debit cards, which can be loaded using both cryptocurrency and traditional cash.
Read More
- DYM PREDICTION. DYM cryptocurrency
- ZK PREDICTION. ZK cryptocurrency
- CYBER PREDICTION. CYBER cryptocurrency
- POPCAT PREDICTION. POPCAT cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
- TURBO PREDICTION. TURBO cryptocurrency
- Top gainers and losers
- ETH CAD PREDICTION. ETH cryptocurrency
- MPL/USD
- GME PREDICTION. GME cryptocurrency
2024-10-30 08:40