Coinbase, a bitcoin wallet and exchange service headquartered in San Francisco, has enabled USD Wallets in 16 US jurisdictions, allowing the users to store dollar balances and make instant bitcoin purchases without waiting for bank transfers.
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Coinbase will process bitcoin purchases on-demand using funds from the USD Wallet allowing users to transfer US dollars to their Coinbase account instantly with the option to withdraw unused funds back to their linked bank account.
Coinbase will enable sending funds to and from USD Wallet via ACH bank transfer in the US free of charge.
The wallets will be accessible to customers with verified accounts in the 16 states namely Arkansas, California, Delaware, Georgia, Idaho, Illinois, Indiana, Massachusetts, Missouri, Montana, New Mexico, South Carolina, Washington, Wisconsin, West Virginia and Puerto Rico.
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By GlobalData
