Coinbase to launch cryptocurrency payroll transfer service

October 7, 2021

Coinbase to launch cryptocurrency payroll transfer service

Coinbase will launch a service to transfer salaries into cryptocurrency in the coming weeks. To do so, the US bitcoin exchange will partner with major recruiting players and payroll companies.

The future of payroll is comingWe’re rolling out the ability for US customers to deposit any portion of their paycheck into Coinbase as crypto or US dollars

The Get paid in crypto feature will allow you to receive all or part of your reward in dollars, bitcoin, Ethereum or more than 100 other digital assets. It will be linked to a Coinbase debit card.

The connection is possible in the Coinbase app. Alternatively, bitcoin exchange staff can generate instructions for the accounting department of the firm in which the customer works.

The service is free of charge. Coinbase will earn revenue from the spread when converting fiat into digital assets.

With its initiative, the bitcoin exchange has gone out of its way to help clients. They advised to automate transfers, which are time-consuming and inconvenient.

Recall that in June, Coinbase announced the Coinbase Card debit card connection to Apple Pay. Previously, US residents could use Google Pay.

See our full guide to trading Coinbase, or start your research with reviews of these regulated crypto brokers and exchanges available. How to buy cryptocurrencies? Our step guide.

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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