Coinbase will let you direct-deposit your paycheck and convert it to crypto

Coinbase will let you direct-deposit your paycheck and convert it to crypto

On Monday unveiled a new feature that will allow users to deposit their paychecks directly into their accounts on the cryptocurrency exchange, further integrating digital assets into the realm of traditional banking. The feature, which will roll out in the next weeks, will also allow the largest US crypto exchange to convert paychecks into any of the more than one hundred cryptocurrencies it has with no transaction fees. A limit applies, and users can also opt to keep their funds in US dollars. "The future of payroll is coming," Prakash Hariramani, senior director of product at Coinbase, said in a . "Get paid in crypto or in US dollars and deposit as much or as little of your paycheck as you want." Hariramani noted many reasons for the launch - from users wanting to make short- or long-term investments to their desire to earning interest on yield-generating assets. But the main goal is to make transferring funds easier and more convenient. "Now, you'll save time on the extra steps it takes to move money so you can immediately earn interest on your income," he said in the blog post. In setting up this feature, users do not have to leave