Digital Banking

Coinbase partners with Trustly for open banking payments

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August 16, 2023

Coinbase has partnered with Trustly to deliver its Open Banking Payments solution to Canadian customers. With this solution, Canadians can deposit and withdraw funds from their bank accounts to and from their cryptocurrency wallet, according to a press release.

Trustly uses ETF or Interac payment rails to facilitate these transactions, which connect customer's bank account to their Coinbase account.

"Trustly is thrilled to support Coinbase and its expansion into Canada. We believe our Open Banking platform will make investing in cryptocurrency more convenient and secure for Canadians. We are excited to see how our partnership with Coinbase, a leader in the industry, unfolds," Ross McFerrin, VP of enterprise growth at Trustly, said in the release.