Coinbase, a San Francisco-based digital currency exchange provider, has launched instant purchase of bitcoin, ethereum and litecoin for customers with a US bank account.

The new service enables its customers to buy up to $25,000 digital currency and get immediate access to it.

The purchase of bitcoin until now took 3-5 days to complete as the funds have to be transferred via automated clearing house (ACH).

“Instant purchases make it significantly easier and faster for customers to invest in the digital currency ecosystem. Reducing the time to receive digital currency has been a highly requested feature and we are pleased to provide this improved experience for our customers,” the company said in its blog post.

Coinbase plans to expand the instant purchasing service to other countries in the coming months.

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By GlobalData