Coinbase announced that it will stop supporting direct deposit of wages into cryptocurrency starting from November 25

ChainCatcher news, according to Decrypt, Coinbase announced that it will stop supporting the Direct Crypto Paycheck feature starting November 25. The company advises users to remove their Coinbase accounts from their payroll accounts to avoid delays in receiving their salaries.

A Coinbase spokesperson told Decrypt that the company has decided to gradually phase out this feature but plans to launch a more optimized retail direct deposit experience in the future. The new feature, named "Coinbase Wallet Direct Deposit," will be rolled out to eligible users in the coming months, allowing customers to receive their salaries directly in cryptocurrency and deposit them into their Coinbase wallets.

This decision has sparked dissatisfaction among users, with many customers who rely on this feature for regular cryptocurrency investments expressing their disappointment on social media. The Coinbase support team acknowledged that the service interruption will indeed cause limitations but hopes it will lead to long-term improvements.

Currently, Coinbase has not announced a specific launch date for the new wallet service, which may result in a service gap between the discontinuation of the current feature and the activation of the new one.