Coinbase announces service to allow paycheck deposits
by: Dynasty GI2021-10-07
The crypto exchange Coinbase has announced a feature for its US customers that will allow them to deposit their paychecks directly into their accounts.
According to a company statement, customers will be able to be paid in crypto or US dollars, choosing the percentage of the salary they want deposited into its system.
According to Coinbase, the aim is to make it easier for customers to access their crypto-first financial services, becoming ready for any trade or purchase. Users will also be able to choose to convert their pay from the over 100 cryptocurrencies currently supported by the exchange.
"“Relatively simple moves like this one by Coinbase represent huge steps in making cryptocurrencies mainstream. And why not? Just imagine the potential blockchain technology has to facilitate trade and services that can be easily paid with cryptocurrencies, which you can then use to pay your own bills”, commented Dynasty Global Investments AG’s founder and CEO, Eduardo Carvalho."
Coinbase already operates a Visa debit card that offers rewards for customers making purchases in crypto. It announced that its customers will now get crypto rewards for purchases in US dollars and it also increased the number of cryptos that are part of the reward scheme.