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USAA Adds Bitcoin Balance Check Option for Coinbase Users

USAA is rolling out a pilot program that will let some customers view their Coinbase bitcoin balances through their online and mobile accounts.

Nov 3, 2015 at 1:00 p.m. UTC
Updated Sep 11, 2021 at 11:58 a.m. UTC

UPDATE (19th October 10:50 BST): This piece has been updated with an image from the USAA/Coinbase integration.


USAA

American financial services company USAA is rolling out a pilot program that will let some of its customers view their Coinbase bitcoin balances through their USAA online and mobile accounts.

The pilot, as outlined in a new blog post from Coinbase, represents a small but deliberate move by the US military-focused insurer to tap interest in bitcoin among its customer base. In an interview with CoinDesk, USAA framed the pilot – which only allows view-only balance checks with no transaction support at this time – as a means to further experiment with the technology.

Declining to offer specific numbers, the company said that it was choosing customers that have expressed an interest in digital currency in the past. The pilot was previously made available to employees in September, as well as to select testers, followed by the full roll-out this week.

In its blog post, Coinbase shared a gif of how the dashboard tool will work:

[caption id="" align="aligncenter" width="640"] Coinbase gif[/caption]

USAA was one of several firms to invest in Coinbase's $75 million Series C funding round, telling CoinDesk at the time that its customer base was "more actively engaged in bitcoin than the average consumer".

The company has since begun leveraging this interest and its relationship with Coinbase to further experiment with bitcoin and the blockchain.

Images via USAA, Shutterstock

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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