Coinbase and Visa Direct offer fast funding for EU, US customers
Visa said Coinbase users can deposit funds into their Coinbase account using eligible Visa debit cards.The announcement came as Bitcoin prices hit an all-time high in March on Tuesday.
Coinbase and Visa are teaming up to deliver real-time account funds to customers, giving them more flexibility in the crypto space.
Available to customers in the US and Europe, Visa's announcement comes as the price of Bitcoin nears its March all-time high of $73,700 on Tuesday. At the time of publication, data from CoinMarketCap shows that Bitcoin is trading at $72,500.
By integrating with Visa Direct, Coinbase customers can deposit funds into their Coinbase account using eligible Visa debit cards. According to Visa, the merger will give Coinbase users more flexibility in a “changing crypto environment.”
Visa Direct and real-time account funding using an eligible Visa debit card means those Coinbase users with a Visa debit card know they can take advantage of transaction opportunities day or night. , North America for visa.
With Real-Time Deposit, Coinbase users can instantly withdraw money from their Coinbase accounts with their Visa debit cards.
Expanding its reach
The addition of real-time deposits to Coinbase's Visa debit card offers its US-based customers.
In the year In October 2020, the crypto platform announced the launch of its Visa Debit Card, which allows users to make purchases online and in-store. Additionally, users can make ATM withdrawals.
The launch of the US Coinbase Card will follow the Coinbase Visa Debit Card in 2019 for UK and EU customers.
Bitcoin ETF earnings
Real-time depository Bitcoin exchange-traded funds (ETFs) saw around $827 million in revenue yesterday, according to data from CoinGlass.
“FOMO has been confirmed,” Bloomberg ETF analyst Eric Balchunas said in a post on X, citing data showing that BlockRocks IBIT has brought in nearly $600 million in daily Bitcoin revenue.
FOMO confirmed (and this is from Monday's activity. Today's won't be streamed until tmrw evening)
— Eric Balchunas (@EricBalchunas) October 30, 2024
Balchunas added, “IBIT is not alone – alto above all – as all the major BTC ETFs saw higher volume two days ago.”
