Coinbase is collaborating with Tink, an open banking specialist owned by Visa, to facilitate crypto purchases through Pay by Bank in Germany.
Pay by Bank is an open banking-driven payment method that enables consumers to transfer funds directly between bank accounts without requiring manual data entry. This partnership allows Coinbase users in Germany to buy and sell cryptocurrency directly from their bank accounts, making it easy to top up accounts with just a few taps using Tink’s technology.
Denny Morawiak, Managing Director of Coinbase Germany, stated, “This partnership is part of our ongoing efforts to enhance our service offerings in Germany and demonstrates our commitment to being the most trusted and compliant provider in the German market.”