Payday Gets a Crypto Twist

Brian Armstrong, the head of Coinbase, just announced that users can now have their salaries sent straight into the platform. The move follows a request from a user back in January 2025, and Armstrong confirmed the feature is live on the company’s app. With this new tool, a paycheck or any chosen portion can be directed into Coinbase every pay period. The money is then split automatically between cash and crypto based on a preset percentage that the user sets up. Users can also use Coinbase’s crypto card to spend the funds and earn a 4 % cash‑back reward on every purchase.Coinbase reminds people that deposited funds typically show up after 3 to 5 business days, depending on the employer or payroll service. While there are no trading fees, any crypto allocation is treated as a purchase and may involve a spread. The feature can currently only be accessed through the mobile app, not on the web. This update pushes Coinbase closer to its “super app” vision, aiming to transform from a simple exchange into a full‑blown financial and Web3 hub. The announcement came after the company reported its first‑quarter results, which included $1. 41 billion in revenue—slightly below analyst expectations—and an adjusted loss of 17 cents per share. After the news, Coinbase’s stock slipped about 1 % overnight and finished the day down nearly 4 %. Analysts note that the shares have underperformed over various time frames and carry a low momentum score.