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Coinbase will discontinue "paycheck direct deposit" service on November 25

Coinbase announced on Tuesday that it would end its "paycheck direct deposit" service, which previously allowed users to pay part or all of their wages in cryptocurrency, starting on November 25. A spokesperson for Coinbase said the company will "bring an even better retail direct deposit experience in the future". "We have announced the new Coinbase Wallet direct deposit feature, which will be rolled out to eligible users in the coming months, further helping users bring their financial lives fully on-chain," they said.