Get ready for some exciting news from the world of finance and crypto! Visa, the global credit card powerhouse, has once again teamed up with America's largest crypto exchange, Coinbase, to make your crypto dreams come true.
On October 29th, Visa dropped a bombshell, announcing a partnership that’s set to revolutionize how we move money between traditional banks and the crypto universe. Imagine seamless, real-time transactions using the Visa Direct network. Say goodbye to the waiting game—hello instant gratification!
Cuy Sheffield, Visa's go-to guy for all things crypto, couldn't contain his excitement about the collaboration, tweeting about the magic of enabling real-time cash outs with Visa Direct.
For those using Coinbase, this means you can now deposit funds into your account instantly with eligible Visa debit cards. The Visa Direct network is all about speed and security, bridging the gap between old-school finance and the futuristic world of blockchain.
Visa’s Yanilsa Gonzalez Ore chimed in, highlighting that Coinbase users can now take advantage of trading opportunities 24/7 with the right Visa debit card. And Akash Shah from Coinbase added that this feature aligns perfectly with their mission to boost economic freedom worldwide.
This dynamic duo of Visa and Coinbase first joined forces in 2020, with Visa giving Coinbase the nod as a “principal member” to enhance customer experiences. Their latest partnership is just another chapter in their exciting journey together.
The crypto industry has faced its share of hurdles with traditional banking and payment systems, thanks to market volatility and infamous scandals. But as regulations start to clear up around the globe, some of these roadblocks might finally be coming down.
In the U.S., crypto regulations could soon see a shake-up with the next administration. Coinbase is among the crypto firms that have been pulling strings and spending big to influence the presidential election.
Meanwhile, Coinbase is gearing up to report its third-quarter earnings on October 30th. Analysts are buzzing with predictions, expecting the company to report earnings of 45 cents per share, up from 14 cents in the previous quarter. However, trading on the platform has been a bit stagnant, with the markets taking a breather.
Coinbase’s stock has been on a rollercoaster, climbing 1.65% to reach $221 in after-hours trading. While it has gained 40% year-to-date, it’s still down 35% from its November 2021 peak during the last crypto bull run.
So, buckle up, because the future of finance is here, and it's looking pretty exciting!
