Trustly Partners with Coinbase to Enable Account-to-Account Payments in Canada
Trustly, a leader in Open Banking Payments, has teamed up with Coinbase to provide Canadians with secure and convenient account-to-account payments. Here are the key points:
1. Coinbase users in Canada can now directly deposit and withdraw funds between their bank accounts and crypto wallets using Trustly’s Open Banking Payments.
2. Canada, known for its crypto awareness, has a favorable regulatory framework that supports innovative financial services and alternative payment methods.
3. Trustly’s integration with Coinbase allows users to link their bank accounts to their Coinbase wallets, enabling instant fund additions and smooth withdrawals through EFT or Interac payment systems.
4. Trustly plans to introduce direct bank transfers via EFT later this year, promising seamless transactions and higher deposit limits.
5. Coinbase’s entry into the Canadian market is part of its expansion strategy, with the integration of Interac payment rails and the appointment of a Country Director for Canada.
Closing Thoughts
The partnership between Trustly and Coinbase is a significant step towards making cryptocurrency more accessible and user-friendly for Canadians. With Canada’s growing interest in crypto assets, this collaboration will provide convenience and security to users, further fueling the adoption of digital currencies in the country. Trustly’s expertise in Open Banking Payments and Coinbase’s global presence make them a formidable team in the crypto space.
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