New Coinbase Wallet: Store US Dollars and Bitcoin Side-By-Side

Coinbase launched a USD wallet to sit alongside its Bitcoin one.
The dual feature allows for instant bitcoin buys and sells, as long as the dollars are already sitting in the Coinbase account, according to the blog announcement.
Instant buys were already available with a credit card, but this new wallet allows users to skip over the four-day wait required when initiating bank transfers. Now instant sales are available too.
U. S. users will not be charged to send money to and from the wallet by Automated Clearing House bank transfer. Basically, users that choose to connect Coinbase to a bank account. To ensure that customer funds are safe, the users’ funds are stored on a Coinbase bank account, which is FDIC insured and is separate from Coinbase’s regular bank account.

This post was published at Coin Telegraph on 2014-12-02.