cryptojournalist
Visa and Coinbase have joined forces to make crypto transactions faster and easier for Visa debit cardholders. Announced on October 29, this partnership allows eligible Visa debit users in the U.S. and EU to instantly buy, deposit, and withdraw crypto on Coinbase. With this upgrade, Coinbase users holding a Visa debit card can now access funds around the clock, seizing trading opportunities as they arise. Visa’s North America head, Yanilsa Gonzalez Ore, shared that this partnership aims to bring more convenience and flexibility to crypto trading.
This new offering comes at a time when the crypto industry is cautiously rebounding from setbacks, including FTX’s 2022 collapse that shook investor trust and led to a banking crisis in early 2023. However, the European Union’s recent Markets in Crypto-Assets Regulation (MiCA) has set clear guidelines for crypto operations in the region, offering platforms like Coinbase a secure and regulated path forward.
In the U.S., major crypto companies, including Coinbase, have been active in political efforts to influence future regulations. Many experts believe that regardless of the November election outcome, the U.S. government may lean toward more supportive crypto policies. Visa has been working with Coinbase for a while, and recently expanded its crypto reach by partnering with FV Bank to support debit cards that accept both crypto and cash.
