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Coinbase Partners With Thunes to Enable Bank and Mobile Wallet Payouts

(1 hour ago) · 1 source · Summarized by CryptoBipto

Coinbase has announced a partnership with Thunes, a cross-border payments network, to allow payouts to bank accounts and mobile wallets. The collaboration aims to connect Coinbase's crypto infrastructure with traditional financial rails in multiple markets. Details on specific regions and launch timelines have not been fully disclosed.

WHY IT MATTERS

When people use cryptocurrency, one of the biggest challenges is converting it back into regular money they can spend — this is called an "off-ramp." Think of it like an exit from a highway: you need a smooth way to get from the crypto world back into everyday banking. This partnership between Coinbase and Thunes is significant because Thunes operates a network that reaches bank accounts and mobile wallets in many countries, including places where traditional banking is limited but mobile payment apps are common. If the integration works as described, it could make it easier for people in more parts of the world to receive funds from crypto platforms in their local currency, directly into the financial tools they already use.

Coinbase, one of the largest publicly traded cryptocurrency exchanges, has entered a partnership with Thunes, a Singapore-based payments infrastructure company that operates a network connecting banks, mobile wallets, and other financial service providers across more than 130 countries.

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SOURCES

  • thedefiant.io

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Cross-Border PaymentsCrypto Off-RampsFintech PartnershipsMobile Wallets