Coinbase and Tink partner to launch Pay by Bank crypto payments in Germany
Tink, A Visa Solution, and Coinbase have announced a partnership to enable crypto purchases via Pay by Bank in Germany.
Pay by Bank is an open banking-powered payment method that allows consumers to transfer money directly from one bank account to another – quickly, securely, and without the need for manual data entry.
The partnership allows Coinbase users in Germany to buy and sell crypto directly from their bank accounts – delivering a seamless, fast, and mobile-first payment experience. Customers can top up their accounts in just a few taps using Tink’s technology, helping to simplify and streamline access to the cryptoeconomy.
Thomas Gmelch, head of commercial, Central Europe at Tink, said: “This partnership adds a new service for Coinbase users in Germany, giving them more choice in how they manage their crypto purchases. Having a Pay by Bank option makes it possible to check out quickly and securely on a mobile device, directly from a bank account. We’re proud to give individuals, businesses, and developers the tools they need to support the next wave of crypto adoption.”
Denny Morawiak, managing director of Coinbase Germany, added: “We are thrilled to introduce Pay by Bank for our customers in Germany. The partnership with Tink is the latest step in making it easier to securely access the crypto economy. The partnership is part of our constant efforts to expand our service offering in Germany and underscores our commitment to being the most trusted and compliant offering in the German market.”