Are you tired of being paid in US dollars? Now with Coinbase you can get paid in crypto.
Coinbase, the leading cryptocurrency exchange in the United States, announced a few hours ago that American citizens will be able to automatically receive their salaries in crypto.
The new “Get Paid in Crypto” service will allow crypto enthusiasts to directly receive their salary in Bitcoin, Ethereum or any of the 100+ available cryptocurrencies. available on Coinbase without much effort.
Users also have the option of receiving US Dollar payments directly to their Coinbase account, which they can spend with their Coinbase debit card just like a regular bank account. The exchange also offers the option to receive payments in USDC or DAI and earn interest over time.
Now you'll save time taking extra steps to transfer funds, so you can instantly profit from your earnings or earn crypto rewards with your Coinbase Card. Plus, you won't have to pay transaction fees with direct deposit so you get instant and free access to the crypto economy.
BE PAYED IN CURRENCY WITH COINBASE
According to a blog post, Coinbase seeks to reduce the friction of buying or using cryptocurrencies, allowing people to more easily and instantly start using or exchanging tokens. Coinbase believes this will represent the future of wages.
Basically, Coinbase will take care of the entire process, starting when the customer receives the funds and extending until depositing the funds into the exchange and purchasing the tokens. By automating everything and due to the speed of the process, customers have the impression of being paid directly in cryptocurrency.
Everything is done on a no-fee basis, although Coinbase will benefit from the trading spread.
The registration process is easy and intuitive and is done only once. In general, customers must provide information about their current payroll company or employer. Coinbase will take care of the paperwork required to receive customer funds directly within Coinbase.
COINBASE EXPAND OUR SERVICES
Despite the setbacks, Coinbase has positioned itself as a major player in the North American market. Its direct listing marked a pivotal moment in the history of the cryptocurrency industry.
Today, Coinbase stock is popular among investors willing to have indirect exposure to Bitcoin.
Coinbase's recent developments have had mixed results. For example, the company recently had to abandon plans to develop a high-yield crypto lending service after the SEC signaled that such activity could be classified as issuing and trading securities register.
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