Coinbase to introduce direct paycheck deposit feature in the US

Avatar

Choose your language:
Cryptocurrency exchanges want to make it easier for people to invest in Bitcoin and several other cryptocurrencies
Leading cryptocurrency exchange Coinbase has announced that it will launch direct deposits for its users in the United States. This feature will allow its US customers to get their paycheck deposited directly into their Coinbase wallets.
The NASDAQ-listed cryptocurrency exchange announced this latest development via a blog post yesterday. According to Coinbase, it will be rolling out the feature to its US customers over the next few weeks, allowing them to deposit their paycheck into Coinbase. By doing so, users can make regular crypto trades and enjoy other services such as spending their coins via the Coinbase card, earning cryptocurrency rewards and more.
Once the feature is made available to customers, they can use the Coinbase app to locate their current employer or payroll company and update paycheck allocation. The user can decide the percentage of their paycheck that will be paid into their Coinbase wallets.
Once the money is deposited into the Coinbase wallet, the user can decide what to do with the fiat currency. They can choose to convert the US dollars to any of the available cryptocurrencies on Coinbase or carry out any of the other options listed above.
Coinbase is working to ensure that its users can enjoy the feature seamlessly. The crypto exchange said it has partnered with numerous companies, including Fortress Investment Group, SuperRare Labs M31 Capital and Nansen. The partnerships have seen these companies add Coinbase to their payroll, giving employees the option of using Coinbase to receive their paycheck.
The cryptocurrency exchange said it intends to partner with more companies over the coming months and years to ensure employees across the United States have Coinbase as an option. Coinbase is already a crucial part of personal finance for millions of people in the United States and other parts of the world.
It remains one of the leading crypto exchanges in the world by trading volume, and this latest innovation could see more people invest their funds into Bitcoin and other cryptocurrencies.
Keep updated with our round the clock and in-depth cryptocurrency news.
Unsub anytime
No SPAM ever!
After signing up, you may also receive occasional special offers from us via email. We will never sell or distribute your data to any third parties. View our privacy policy here.
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.
CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.
When trading in stocks your capital is at risk.
Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.

source

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

Christie’s to auction laser eyes Bored Ape in October

Next Post

Crypto’s current price rise is driven by increasing adoption, says FTX CEO

Related Posts