Coinbase to End Direct Payroll Deposit Service on November 25, Launch New Features

Coinbase announced on Tuesday that it will terminate its "Paycheck Direct Deposit" service, which previously allowed users to pay part or all of their wages in cryptocurrency, starting November 25. This decision has caused dissatisfaction among some users. In response, a Coinbase spokesperson said that the company will bring a better retail direct deposit experience in the future. "We have announced a new Coinbase wallet direct deposit feature, which will be launched to eligible users in the coming months, further helping users put their financial lives completely on the chain." (Decrypt)