Visa and Coinbase have announced a partnership enabling holders of eligible Visa debit cards to instantly deposit, withdraw, and buy cryptocurrency on Coinbase. This development allows users in the U.S. and the EU to enjoy real-time fund transfers to their Coinbase accounts. As stated by Visa, millions of users already utilize debit cards linked to their Coinbase accounts, enhancing their trading capabilities. Users will also be able to cash out funds in real-time, depending on the banking institution and region. This collaboration emerges during a notably cautious period for crypto financing after the fallout from FTX's collapse earlier in 2023. However, the EU has provided clearer regulatory guidelines for crypto firms with its Markets in Crypto-Assets Regulation (MiCA), supporting firms like Coinbase. The partnership follows Visa's previous initiatives to allow crypto spending through its network, indicating continued interest in integrating traditional payment systems with digital currencies.

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