Coinbase to allow customers to direct deposit crypto or USD with debit card

Bitcoin Coinbase
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  • Coinbase (COIN -0.9%) will offer in coming weeks a new direct deposit feature that allows customers to deposit any percentage of their paycheck into their account in crypto or U.S. dollars.
  • In addition, starting this week, Coinbase Card holders can spend U.S. dollars and crypto while earning crypto rewards; all customers in the U.S. will be eligible to sign up for a Coinbase debit card starting this Fall.
  • The company notes that since the launch of its Coinbase Earn in 2018, more than 6.5M unique users on Coinbase have earned crypto.
  • As bitcoin (BTC-USD -0.5%) and ethereum (ETH-USD -1.6%) slip in the past 24 hours, COIN slides along with other crypto exchanges like Voyager Digital (OTCQX:VYGVF -2.3%) and Net Savings Link (OTCPK:NSAV -3.1%)
  • Previously (Sept. 20), Coinbase ends plan for crypto lending amid regulatory pressure, shares fell 5%.
  • Last year, Coinbase to launch crypto debit card in U.S.

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