Visa and Coinbase Form Debit Card Partnership for Real-Time Crypto Purchases

Cryptocurrency exchange Coinbase and payment technology company Visa have entered into a partnership for cryptocurrency services.
On the 30th (local time), the two companies announced that "Visa users will soon be able to instantly deposit and withdraw funds from their Coinbase cryptocurrency exchange accounts."
" Coinbase already has millions of users with debit cards connected to their accounts, Visa said in a statement. It also plans to roll out a range of cryptocurrencies in the U.S. and European Union.
Customers can receive funds in their accounts in real time when using an eligible Visa debit card.
Coinbase users can now use eligible Visa debit cards to make purchases on the platform.
You can also buy cryptocurrency and, depending on your region and bank, withdraw funds from the exchange to your bank account in real time.
"This partnership will enable Coi to become a global leader in digital transformation with eligible Visa debit cards," said Yanilsa Gonzalez Ore, head of Direct.
"Nbase users can take advantage of trading opportunities at any time," he said. Meanwhile, Visa has been working with Coinbase for a long time, allowing crypto users to easily access Visa's vendor network.
Visa has supported the Coinbase cryptocurrency debit card, which allows users to use cryptocurrencies through the network. On the 28th of last month, Visa signed a similar agreement with fintech company FV Bank,
This will support the company's debit card, which can be recharged with virtual currency and cash.