CandleFocus Coinbase Ending Direct Crypto Paycheck Feature, New Wallet Integration In the Works
2024-10-16
Author: Content Editor
Coinbase, a U.S. publicly-listed crypto exchange, has announced that it is discontinuing its Paycheck Direct Deposit service, which allowed users to allocate part or all of their paycheck to be paid in cryptocurrency. The decision has sparked frustration among customers who used the feature for consistent crypto investments. However, Coinbase has stated that it plans to bring back a better retail direct deposit experience in the future with the launch of a new Coinbase Wallet Direct Deposit feature. This new feature will allow eligible users to get paid directly in crypto, deposited into their Coinbase wallet. The specific launch date for the new service has not been announced yet.
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