In an announcement on Oct. 29, international credit giant Visa unveiled the partnership enabling real-time money movement between traditional banking and crypto services using the Visa Direct network.

“This partnership adds convenience and new services for Coinbase customers across the US and EU, including real-time, reliable, and secure money movement,” it stated.

Visa’s head of crypto, Cuy Sheffield, commented on the collaboration on Oct. 30.

Excited for Visa to partner with @coinbase to help them utilize Visa Direct to fund Coinbase accounts and enable real time cash outs https://t.co/aA9l6ZvwHm

— Cuy Sheffield (@cuysheffield) October 30, 2024

Day and Night Trading

Customers of the exchange will be able to deposit funds into their Coinbase accounts in real-time using eligible Visa debit cards, the announcement added.

The Visa Direct network offers quick and secure money movements, further bridging the gap between traditional finance and blockchain technologies and helping to minimize waiting periods for fund availability.

Head of Visa Direct for North America, Yanilsa Gonzalez Ore, commented that “Coinbase users with an eligible Visa debit card know that they can take advantage of trading opportunities day and night.”

Meanwhile, Senior Director of Product Management at Coinbase, Akash Shah, added, “Bringing this feature to our customers supports our mission of increasing economic freedom in the world.”

Collaboration between the two companies goes back to 2020 when Visa approved Coinbase