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Coinbase Expands Into Cross-Border Payments

Apr 2, 2019😶Neutral

American major cryptocurrency exchange Coinbase has expanded into cross-border payments.

Coinbase customers can now transfer funds to any user with a Coinbase account around the world using Ripple (XRP) and the exchange's stablecoin USDCoin (USDC) with no fee.

March saw several new developments at Coinbase, including a service linking user accounts on its main platform to its Coinbase Wallet app, and a new market structure for the exchange's professional trading platform, Coinbase Pro, which aims to increase liquidity, enhance price discovery and ensure smoother price movements.

Earlier this month, India's Federal Bank, a commercial private bank, began using Ripple's network for cross-border remittances. Also on March 28, Federal Bank launched two remittance platforms in the United Arab Emirates for making payments to India.

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