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The partnership between financial giant Visa and Coinbase could trigger a significant influx of liquidity in the market. Visa debit card users will be able to deposit funds into their Coinbase accounts almost instantly. This development may help address fluctuations in the cryptocurrency market by enabling real-time crypto purchases.
Instant Crypto Payments
In collaboration with Visa, the cryptocurrency exchange Coinbase is expanding its real-time payment capabilities for customers in the U.S. and Europe. To facilitate the flow of funds, the company will utilize existing debit card connections. Additionally, Visa is collaborating with other partners, such as Singapore-based dtcpay, to expand crypto payment services worldwide.
Visa has already supported the Coinbase debit card, but thanks to this new collaboration, other Visa debit card holders can also make instant crypto purchases and transfer funds directly to bank accounts via their cards. Consequently, users will gain real-time access to trading opportunities 24/7.
Integration of Crypto with Financial Systems
For a long time, the digital asset sector has faced barriers related to traditional banking and payment systems. The primary reasons include regulatory uncertainties and concerns about market volatility. However, clearer crypto regulations worldwide, particularly with a potential new administration in the U.S., may help fill this gap.
Visa is also exploring potential opportunities in the stablecoin and asset tokenization markets. Last month, Visa launched the Visa Tokenized Asset Platform (VTAP) in collaboration with Spanish banking giant BBVA to facilitate the issuance of stablecoins and experimental projects.
Future Expectations
Today, Visa will announce its third-quarter earnings. Wall Street expects an EPS of $0.41 and revenue of $1.25 billion. This report comes as Bitcoin 
$105,208 approaches new record highs.
COIN shares have surged 40% year-to-date alongside Bitcoin’s rise. However, they are trading at a 30% discount from 2021 IPO levels. A strong recovery since the $35 levels in December 2022 was noted. If supported by the broader crypto market, COIN shares are expected to approach all-time highs next year.
Coinbase is also engaged in a regulatory battle with the U.S. SEC. CEO Brian Armstrong stated last Tuesday that the next SEC chairman should apologize to the American public and withdraw all “unjust lawsuits.” Armstrong noted, “This apology will not reverse the damage done to the country but will initiate the process of restoring trust in the SEC as an institution.”
The collaboration between Visa and Coinbase aims to strengthen the integration of crypto assets with financial systems while presenting significant opportunities for crypto investors. Both Visa’s global payment infrastructure and Coinbase’s trading platform could positively influence market dynamics.
