TechFlow reports, on October 16, according to Decrypt, Coinbase announced it will discontinue support for its Direct Crypto Paycheck feature starting November 25. The company is advising users to remove their Coinbase accounts from payroll settings to avoid delays in receiving wages.
A Coinbase spokesperson told Decrypt the company has decided to phase out the feature but plans to introduce an improved retail direct deposit experience in the future. The new offering, called "Coinbase Wallet Direct Deposit," will roll out to eligible users in the coming months, allowing customers to receive their salaries directly in cryptocurrency into their Coinbase Wallet.
The decision has sparked user backlash, with many customers who relied on the feature for regular crypto investments expressing disappointment on social media. Coinbase's support team acknowledged the disruption may cause limitations, but emphasized it aims to deliver long-term improvements.
As of now, Coinbase has not disclosed the exact launch date for the new wallet service, which could result in a gap between the discontinuation of the current feature and the availability of the new one.
