With Bitcoin wallet Coinbase’s latest product launch you can now exchange Bitcoin for cold hard cash.
Bitcoin wallet Coinbase just announced its newest feature called USD Wallets for verified account holders. The new digital wallet allows users to store U.S. dollars, so they don’t have to wait for a bank transfer every time they want to buy Bitcoin. Plus, the transfer between the user’s bank and Coinbase is free. Previously users had to link a credit card to their account in order to instantly buy Bitcoin.
So far, USD Wallet is only available in 16 of 50 states. The full list is below:
- Arkansas
- California
- Delaware
- Georgia
- Idaho
- Illinois
- Indiana
- Massachusetts
- Missouri
- Montana
- New Mexico
- Puerto Rico
- South Carolina
- Washington
- Wisconsin
- West Virginia
The company says it’s working to expand the list to incorporate more states. Most significant about this update is that it will expand the ability to buy Bitcoin through Coinbase to those who don’t have a credit card. However, to use USD Wallets users will need a bank account in order to transfer cash into the wallet.
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