Why This Coinbase and Visa Partnership Is A Game-Changer for Crypto Investors

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As a seasoned researcher with a keen eye for market trends and a penchant for cryptocurrencies, I find this development between Visa and Coinbase to be nothing short of groundbreaking. Having closely followed the digital assets industry for years, it’s clear that this partnership will revolutionize real-time crypto payments, potentially bridging the gap between traditional banking systems and the crypto market.

In a recent development, financial giant Visa announced its partnership with Coinbase which can trigger a liquidity flood in the market. Users of VISA debit cards will now be able to deposit their funds directly into their Coinbase accounts almost instantly. This is a crucial development as it would facilitate real-time crypto purchases, thereby overcoming the crypto market volatility.

Coinbase and Visa Brings Real-Time Crypto Payments

Alongside VISA, cryptocurrency exchange Coinbase is broadening its real-time payment options for customers in the U.S. and Europe. To manage these transactions, the company plans to utilize its pre-existing debit card networks. Furthermore, financial powerhouse VISA is also extending its crypto payment solutions to various global regions by collaborating with other players such as Singapore’s dtcpay.

Previously, Visa had partnered with Coinbase for their debit card, but recently they’ve expanded this collaboration. Now, other Visa debit cardholders can instantly buy cryptocurrencies and transfer funds directly to their bank accounts using the card. This means that users have immediate, round-the-clock access to trading opportunities.

For quite some time now, the digital asset sector has encountered hurdles in integrating with conventional banking and transaction networks. The main reasons for this have been unclear regulations and apprehensions about the industry’s inherent volatility.

A more straightforward regulation of cryptocurrencies on a global scale, including in the U.S. with the incoming administration, could close this gap. As mentioned by Yanilsa Gonzalez Ore, Visa Direct’s head for North America, this move would allow customers to capitalize on trading opportunities around the clock.

Visa is also considering possibilities in the field of stablecoins and tokenization of assets. Recently, it teamed up with the Spanish banking behemoth BBVA by debuting the Visa Tokenized Asset Platform (VTAP), designed to make it simpler for the release and testing of coins that are pegged to fiat currencies.

All Eyes on Earnings Report

On this coming Wednesday, October 30th, Coinbase will release its third-quarter financial results, with analysts on Wall Street predicting an EPS of $0.41 and revenue of approximately $1.25 billion. Notably, the Bitcoin price is currently aiming for a new record high as this report surfaces.

The COIN stock has participated along with the Bitcoin rally this year and is up 40% year-to-date. However, it’s still trading at a 30% discount from its IPO levels back in 2021. But the recovery has been pretty strong from the lows of $35 back in December 2022. If the broader crypto market supports, the COIN stock might reach close to its all-time high levels over the next year.

1) In recent developments, the digital currency trading platform has been actively challenging the U.S. Securities and Exchange Commission (SEC) on regulatory matters. Brian Armstrong, in a recent statement on Tuesday, suggested that the incoming SEC chairman should issue a public apology to American citizens and withdraw any unnecessary lawsuits. He further stated that this action would help initiate the rebuilding of trust in the SEC as an institution, though it wouldn’t reverse the harm already inflicted on the country.

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2024-10-30 09:38