Coinbase to launch a direct pay cheque deposit service for American users

Tue 28 Sep 2021 ▪ 13h49 ▪ 2 min read — by James Taylor

In the coming weeks, Coinbase, America’s largest crypto exchange, will launch a new service allowing users to deposit their pay cheques into the trading platform’s account.  As part of the new offer, Coinbase users will be able to set up automatic deposits to their accounts for any percentage.

Coinbase, one of the most popular crypto trading platforms in the United States, is launching a service for depositing their clients’ pay cheques into their Coinbase accounts. With this service, users will be able to choose any percentage of their pay cheque to be deposited and later converted into US dollars, Bitcoin, or any other cryptocurrency available on the platform.

To launch this service, Coinbase will collaborate with the big fish in recruiting and settlement, such as M31 Capital, Nansen and SuperRare Labs.

The “Get paid in crypto” service will be linked to the Coinbase debit card. The service is free of charge. The exchange intends to earn income from the spread when converting fiat currency into crypto.

“In the coming weeks, we’ll launch the ability for customers in the US to get paid directly into Coinbase. Customers can get paid in crypto or US dollars and can choose any percentage of their pay cheque to deposit. With direct deposit, customers can more easily access our crypto-first financial services and be ready for any trade or purchase,” Coinbase representatives stated.

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James Taylor

Trends are temporary. The blockchain isn’t a trend; it’s the future. I want to help as many people as possible understand it in a simple, clear and interesting way.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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