Coinbase introducing a new deposit feature for their users
Coinbase has recently announced that they are going to introduce a new deposit feature for their users. The customers of coinbase can deposit as much or as little as they can directly from their paychecks. Within a few weeks, this new feature will be added, but the feature is only available to United States customers.
Without any deduction of transaction fees, the money from the paychecks can be directly deposited to the user’s crypto account from their paychecks. Users can set up this automatic and direct deposit through a payroll company available in the mobile app of Coinbase.
The reason for introducing the new feature, as cited by the company itself, is that the frequent transfers are ‘inconvenient and time-consuming. Therefore direct deposits from payrolls will allow users to earn crypto rewards more frequently. This crypto exchange platform has already established business relationships with US-based firms like Nansen, Fortress Investment Group, M31 Capital, SuperRare Labs to implement direct deposit efficiently.
The exchange platform has also suggested that their branded VISA debit cardholders will earn an extra 4% as crypto rewards. These significant developments can lead to a brighter future on the crypto market and for the exchange platform itself.