- Visa and Coinbase partnership enables real-time crypto deposits and withdrawals for eligible debit card users
- U.S. and EU Coinbase users with Visa debit cards gain 24/7 trading access
- Regulatory frameworks like MiCA offer legal clarity for crypto exchanges operating in the EU
Visa and Coinbase have announced a partnership to enable real-time deposits and withdrawals for Coinbase users with eligible Visa debit cards. This new feature, available to customers in the United States and European Union, will allow instant account funding and cash-out services directly from Coinbase to linked bank accounts, depending on the bank and region.
Yanilsa Gonzalez Ore, Visa Direct’s head for North America, emphasized that this partnership provides Coinbase users with uninterrupted trading opportunities, making funds accessible at any time. The arrangement builds on Visa’s existing support for Coinbase, which includes powering Coinbase’s crypto debit card, allowing users to spend crypto through Visa’s network.
Source: Visa
Regulatory Environment and Market Impact
The new feature aligns with evolving regulatory frameworks, particularly in the European Union, where the Markets in Crypto-Assets Regulation (MiCA) was introduced earlier this year. MiCA offers clearer guidelines for crypto service providers like Coinbase, supporting their operations in the region with enhanced legal clarity.
In the U.S., major crypto firms, including Coinbase, have invested heavily in influencing election outcomes in hopes of establishing favorable regulations. Many industry watchers predict the incoming administration or Congress will likely address crypto regulations, regardless of the election outcome.
Visa’s Expanded Crypto Offerings
Visa continues to expand its role in the crypto space, recently announcing a similar partnership with fintech company FV Bank on October 28. This agreement supports FV Bank’s debit card, which allows funding with either crypto or cash, reflecting Visa’s ongoing commitment to integrating digital assets into its global network.
