Coinbase volition presently allow U.s.a. businesses to deposit employees' paychecks directly into accounts at the cryptocurrency exchange.

In a Monday web log post, Coinbase senior managing director of product Prakash Hariramani said the substitution would be offering directly deposits for workers who want to use their paychecks to purchase crypto with no transaction fees. Users can set upward directly deposits through a supported payroll company on the Coinbase app, or through a visitor's human being resources department.

Hariramani said users will have the option to deposit "equally much or as lilliputian" of their paychecks every bit they want in the feature rolling out in the next few weeks. Coinbase cited "fourth dimension-consuming and inconvenient" frequent transfers equally office of the reason for the service, saying direct deposits would allow users a more efficient and faster way to earn crypto rewards.

Coinbase has already partnered with U.Southward.-based firms including Fortress Investment Group, M31 Capital, Nansen, and SuperRare Labs to curl out directly deposits for "employees throughout the creator economic system and financial services" and hinted at more than in the coming months. The exchange also announced thatholders of its branded Visa debit carte du jour would take the opportunity to earn up to 4% back in crypto rewards.

Related: Regulatory and privacy concerns trail SEC's threat to Coinbase

The move comes a week after the exchange said it would not be pursuing its Lend crypto lending program. Coinbase initially said information technology planned to offer partial returns on deposits of USD Coin (USDC), simply later abandoned the program after the Securities and Commutation Commission threatened the company with legal action.