Visual Studio 2015 -- ONLINE benefits ?

I assume
https://azure.microsoft.com/en-us/pricing/details/visual-studio-online
allows the below desired solution ?

If not, what will since I want to keep all the code
"in-the-cloud" so I don't have to download a new 2GB
source daily, I can just tweak a few files as needed ?
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Current Solution
 1. 5pm local time --> I post code to FTP server
 2. 8am local time --> coworker on other side of the world downloads code
 3. 5pm local time --> coworker edits code, post code to FTP server
 4. 8am local time --> I download updated code, edit code, etc
 5. cycle continues

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Desired Solution
 1. 5pm local time --> I update code on Visual Studio ONLINE
 2. 8am local time --> coworker on other side of the world runs Visual Studio ONLINE code
 3. 5pm local time --> coworker edits code, saves to Visual Studio ONLINE
 4. 8am local time --> I edit code, etc
 5. cycle continues
finance_teacherAsked:
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David Johnson, CD, MVPOwnerCommented:
use tfs create an account on visualstudo.net
free for up to 5 dev's
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MlandaTCommented:
Your scenario will definitely be supported.

You will each have a local copy of the source code on your computers (I prefer to use the Git option with VS Online as opposed to TFS). Either way, you will be able to work locally, make changes, commit them to the server, and your partner fetches/pulls your changes onto his copy (only the changes will be sent over the wire). Likewise, your partner can make changes on his copy, he commits them, and you fetch/pull the changes from VS Online. You could also potentially BOTH work on the same files, and will have to merge the files. You can read more about the version control options with VS here: https://msdn.microsoft.com/en-us/library/hh994655%28v=vs.120%29.aspx#git
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