Trustly and Coinbase Join Forces to Facilitate Digital Money Use

Trustly and Coinbase are working together to make it easier for people in Canada to use digital money. Coinbase is a place where people can buy and sell cryptocurrencies like Bitcoin. Now, with the help of Trustly, Coinbase users in Canada can add money to their cryptocurrency accounts or take out money directly from their bank accounts. This is possible thanks to a safe and secure way of transferring money called Open Banking Payments.

A group that watches over financial activities in Ontario, Canada found out that many Canadians want to use digital currency. Cryptocurrencies are becoming more popular there. Because of the country's strong rules for how cryptocurrencies are used, it's a good place to offer new ways to pay.

Trustly is happy to team up with Coinbase to help them expand in Canada using its special payment system. The company is planning to make things even better by allowing people to move money directly from their bank accounts later this year. This will make transactions smoother and allow for bigger deposits.

About Trustly

Trustly is a leading player in the world of digital payments. Established in 2008, the company specializes in making online transactions quicker, simpler, and more secure. The platform allows people to move money directly between their bank accounts and other places, like online stores or services. This helps people pay for things without needing to use credit cards or other traditional payment methods.

Trustly stands out because it handles the whole process of making payments. This sets them apart from other methods and lets the brand offer a reliable and cost-effective alternative. Trustly is used by over 8,100 businesses, connecting them with more than 525 million customers and 6,300 banks across 30 different countries. In 2020 and 2021, the company managed transactions worth more than $42 billion worldwide.

About Coinbase

Coinbase is a significant player in the world of cryptocurrencies and online finance. Founded in 2012, Coinbase has a clear mission: to create a financial system that is more open, accessible, and efficient through the use of cryptocurrencies. They started with a groundbreaking idea that anyone, no matter where they are, should be able to send and receive cryptocurrencies like Bitcoin with ease and security.

Today, Coinbase is a trusted platform that provides a user-friendly way to participate in the world of cryptocurrencies. It offers a simple and reliable platform for buying, selling, and storing various cryptocurrencies. Their goal is to make it easier for people to be part of the growing world of digital currencies and the benefits they bring.

Coinbase's focus on security, transparency, and accessibility has made it a widely recognized and respected name in the cryptocurrency industry. As the crypto economy continues to evolve, Coinbase remains committed to providing a seamless and trustworthy experience for its users, empowering them to be a part of the financial future.

Source:

“Coinbase Harnesses Trustly for Canadian Expansion”, us.trustly.com, August 16, 2023.