Today, Coinbase announced that its ground-breaking Easy Bank Transfers, launched in collaboration with the European open banking payments network TrueLayer, would now be available to its Dutch customers.
In the UK, Easy Bank Transfers was first introduced by Coinbase and TrueLayer in late 2022. They enable users to quickly, reliably, and securely fund their Coinbase accounts. These payments connect directly to users’ bank accounts and automatically fill in their financial information, eliminating the need for manual data entry.
As a result, deposits for Coinbase customers are now simpler than ever and the risk of payment failure is decreased. Users gain from a safer, more pleasant shopping experience when they authenticate payments through their mobile banking apps. Customers can conduct cryptocurrency transactions at their convenience thanks to the process, which uses instant payment rails to make funds available to users in minutes.
Within the next few weeks, Easy Bank Transfers will be accessible to all users in the Netherlands.
Daniel Seifert, Vice-President and Managing Director, EMEA at Coinbase, said: “At Coinbase our mission is to increase economic freedom. This is why expanding our product and service offering across international jurisdictions is so exciting. With Easy Bank Transfers, we are making it easier, safer and faster for customers in the Netherlands to interact and engage with the crypto economy, and we’re really pleased to be continuing our partnership with TrueLayer.”
Francesco Simoneschi, Co-Founder and CEO at TrueLayer, said: “Open banking brings digital-native payments to digital-native currencies, making it the ideal on-ramp for crypto. For customers, robust security and fast settlement speeds mean they can trade with confidence. We’re excited to expand these benefits beyond the UK and bring them to Coinbase customers in the Netherlands.”
