In an October 29 announcement, Visa stated that “Coinbase already has millions of users with a debit card connected to their account.” Additionally, Visa highlighted that users in the United States and the European Union will have “real-time access to account funds” when using an eligible Visa debit card.

Thanks to Visa’s extensive acceptance network, Coinbase customers can spend their crypto instantly without needing an additional conversion process. This move is seen as an essential innovation to boost the liquidity and widespread adoption of crypto assets. While Coinbase’s CEO emphasized that this development is a significant step toward bringing crypto into daily transactions, Visa also reinforced its commitment to advancing financial technology solutions.

Visa has long supported Coinbase’s crypto debit cards, allowing users to spend their crypto assets across Visa’s network. On October 28, the payments and card industry giant signed a similar agreement with FV Bank. This partnership will enable users to fund a bank card with both crypto and cash. Such agreements are part of Visa‘s strategy to make cryptocurrencies accessible for everyday transactions.

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