USD Wallets on Coinbase

Today we’re excited to launch USD Wallets, a new feature which allows users to store U.S. Dollar balances on Coinbase.

Instant buying and selling
Once you deposit USD into your new wallet, you no longer have to wait for traditional bank transfers to clear before your orders complete. Coinbase can process bitcoin purchases on-demand using funds from your USD Wallet.
No credit card required
Previously, the only way to instantly acquire bitcoin on Coinbase was to enable instant buy, which required adding a credit card. USD Wallets let you transfer U.S. Dollars to your Coinbase Account at your convenience. You can then use those …read more

Source:: http://blog.coinbase.com/post/104112477642