Visa Inc. customers with eligible debit cards will be able to deposit funds into their Coinbase Global Inc. accounts — sometimes instantly — via a partnership announced by the payments giant and crypto exchange.

Visa and Coinbase will roll out real-time crypto funding for Visa card holders in the US and EU. This could drive crypto’s mass adoption.

Visa has collaborated with Coinbase to integrate Visa Direct to deliver real-time account funding for customers. Takeaway Points Visa collaborates with Coinbase to integrate new funding features. By integrating with the Visa Direct network,

Visa profits beat expectations, as one of the US’s largest credit card processors said payments over its network rose 8 per cent from a year ago in another sign of health for the economy. The card company’s sales rose 12 per cent from a year ago to $9.6bn in the quarter that ended September 30. Profits were up 14 per cent to $5.3bn.

Visa's fourth-quarter profit beat Wall Street expectations on Tuesday, as consumers set aside worries of a slowing economy and swiped their cards to splurge on travel and dining out, sending its shares up 2% in trading after the bell.

Visa Inc., the world’s biggest payments network, posted a fiscal fourth-quarter profit that beat Wall Street expectations as cross-border transactions increased.