Cryptocurrency exchange Coinbase has launched a Visa debit card allowing customers in the U.K. and EU to spend their cryptocurrencies directly from their Coinbase accounts.
The San Francisco-based firm announced the news in a blog post on Wednesday, saying that with the “Coinbase Card,” customers will be able to spend their bitcoin (BTC), ether (ETH), litecoin (LTC) and other cryptocurrencies “as effortlessly as the money in their bank.”
Coinbase Launches Visa Card, Bringing Bitcoin, Ethereum, XRP, Litecoin and Crypto Assets to Millions of Users
In a big crypto milestone, Coinbase is launching a Visa debit card, allowing users to easily spend their crypto assets, including Bitcoin, Ethereum, XRP and Litecoin.
The leading US crypto exchange says the card is coming to the UK first, and will let users pay with their digital assets directly.
“Customers can use their card in millions of locations around the world, making payments through contactless, Chip and PIN, as well as cash withdrawals from ATMs. When customers use their Coinbase Card, we instantly convert crypto to fiat currency, such as GBP, which is used to complete the purchase Read More...
Coinbase And Visa Are Making Bitcoin, Ethereum, Ripple's XRP, And Litecoin Payments A Reality
The Visa debit card, which has a £4.95 ($6.50) card issuance fee, can be used to spend Coinbase bitcoin, ethereum, Ripple's XRP, and litecoin balances "in millions of locations around the world," by converting the cryptocurrency to fiat when the card is used—the merchant or store gets paid in traditional fiat currency.
Coinbase users can choose which cryptocurrency is used on the card through a new app which supports all crypto assets available to buy and sell on the Coinbase platform. The app also offers instant receipts, transaction summaries, and spending categories, to help people keep track of their spending Read More...