Coinbase, the San Francisco-based cryptocurrency exchange, has launched a payments service for users to "send money internationally for free."
According to its website, the service offe...
Coinbase, the San Francisco-based cryptocurrency exchange, has launched a payments service for users to "send money internationally for free."
According to its website, the service offers "zero fee" transactions for Coinbase-to-Coinbase transfers and "normal on-chain network" fees for transfers to third-party services. Coinbase notes that this service "is not a money remittance; rather, it is a cryptocurrency transaction with conversion into local currency after receipt" and that "in countries where Coinbase does not support the local currency, recipients need to transfer their XRP/USDC to an exchange that supports exchanges from XRP/USDC to local currency."
While this service supports any cryptocurrency supported on Coinbase, the exchange states that "XRP and USDC may be better suited for smaller international money transfers due to their faster processing and lower transaction fees."
source https://www.tokentalk.co/The Block/coinbase-launches-international-payments-service-promotes-use-of-xrp-usdc-5ca27e28108f4d027f68a2c7
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