Post
Topic
Board Bitcoin Discussion
Re: Coinbase to Allow US Users to Deposit Paychecks Directly in Crypto.
by
avikz
on 28/09/2021, 06:24:38 UTC
The massive crypto exchange will enable its U.S. customers to deposit all or part of their paychecks in crypto or dollars without a fee.

VP of Product Max Branzburg quoted:

“Our goal is to enable everyone to get more out of their money with the power of crypto – from getting your paycheck in crypto, to generating yield on your assets, to spending your crypto and beyond – all from a single account.”


Source : https://www.coindesk.com/business/2021/09/27/coinbase-to-enable-direct-paycheck-deposit-emb-1700-utc-927/

Another wise business decision to stay ahead of the curve! No offense but Coinbase is proposing a very risky business. Due to the volatility of crypto prices, it is indeed a very risky proposition to keep a part of your salary in cryptos. Possibly it will go well for the millenials who don't have much liabilities nad can take riaks. But not for someone who has liabilities. But anyway, it's the choice of the consumers and business of coinbase. Nothing is unfair!