On March 28, Coinbase, a leading U.S. cryptocurrency exchange, unveiled a groundbreaking expansion into cross-border payments. Customers can now transfer funds globally using XRP or USDC with zero fees, leveraging the speed and efficiency of blockchain technology.
Key Features of the New Service
- Instant Transfers: Send and receive funds in seconds.
- Fee-Free Transactions: No costs for transfers between Coinbase users.
- Local Currency Conversion: Recipients can convert XRP/USDC into their native currency.
Coinbase emphasized the educational intent behind the service:
“This initiative helps customers understand the benefits of crypto for cross-border payments, bypassing traditional intermediaries.”
Supported Currencies and Regions
- XRP: Available in the U.S. (excluding NY), UK, EU nations, Canada, Singapore, and Australia.
- USDC: The first stablecoin listed on Coinbase, launched in October by Circle’s CENTRE consortium.
👉 Explore seamless crypto payments with Coinbase
How It Works
- Sign In: Access your Coinbase account.
- Convert Funds: Swap fiat for XRP or USDC.
- Send: Enter the recipient’s wallet/email and amount.
Why No Fees?
“Blockchain transactions cost mere cents, unlike traditional wires that charge tens of dollars.”
Recent Coinbase Developments
- Wallet Integration: Link Coinbase.com accounts to the Coinbase Wallet app for easy fund transfers.
- Coinbase Pro Upgrades: New market structure to boost liquidity and price discovery (higher fees apply).
- Tezos Staking: First staking support, enabling users to earn passive income.
👉 Discover advanced crypto trading tools
FAQ
Q: Can non-Coinbase users receive these payments?
A: Yes, but recipients must convert XRP/USDC via an exchange supporting their local currency.
Q: Are there limits on transfer amounts?
A: Coinbase imposes standard account-based limits; check your profile for details.
Q: Is this service available worldwide?
A: Currently supported in select regions; verify eligibility on Coinbase’s website.
Blockchain’s borderless potential is reshaping finance—stay updated as Coinbase pioneers accessible crypto solutions.
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