Coinbase Taps Visa for Faster Debit Crypto Purchases

Coinbase is partnering with Visa to integrate Visa Direct. This integration allows Coinbase users with Visa Debit Cards to buy and sell cryptocurrencies directly on the exchange with real-time transactions.

What’s the Scoop?

• Visa Direct: The standout feature is real-time transactions. Unlike users with non-Visa cards, Visa debit cardholders can access instant transfers, making the crypto experience smoother and faster.
• Why Visa? As one of the world’s largest card issuers, Visa has been steadily expanding into the crypto space through collaborations with major players like Crypto.com and Solana. This new partnership with Coinbase highlights Visa's continued commitment to Web 3.0.

Bankless Take:

While this may not sound groundbreaking at first glance, it’s a big leap toward onboarding more users into Web 3.0. This collaboration not only streamlines payments on Coinbase but also brings another significant financial name into the crypto ecosystem. By partnering with Visa, Coinbase is likely hoping to attract newcomers to crypto, providing an easier way to access and engage with on-chain opportunities.