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Thread: Coinbase dives deeper into banking by letting users deposit paychecks into their acco

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    Default Coinbase dives deeper into banking by letting users deposit paychecks into their acco

    Cryptocurrency exchange Coinbase is going deeper into traditional financial services, allowing users to deposit their paycheck directly into their online account.

    Coinbase said on Monday that U.S. users will be able to use the direct deposit service for any percentage of their paycheck. They can hold their money in dollars or immediately transfer it into cryptocurrencies like bitcoin with no fees.

    “With direct deposit, customers can more easily access our crypto-first financial services and be ready for any trade or purchase,” Max Branzburg, vice president of product at Coinbase, said in the blog post. “We’re determined to deliver the most trusted full suite of crypto-first financial services to our 68 million users.”

    The launch, which goes live in the coming weeks, comes after customers complained that frequent transfers from their bank accounts to Coinbase are “time-consuming and inconvenient,” the company said. Coinbase added that it aims to give “instant access to the cryptoeconomy.”

    Source_cnbc.com
    Last edited by Resolve; 10-13-2021 at 11:26 AM.
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