Coinbase’s Visa debit card can now be used by card holders in Spain, Germany, France, Italy, Ireland and the Netherlands, Cointelegraph and CNBC have reported. These cards sync directly with the holder’s Coinbase account.
The card comes as both a mobile app for iOS or Android, and as a physical card that can be used to with draw fiat currencies from ATMs. It also will allow holders to use the card with merchants that accept Visa, effectively allowing them to spend cryptocurrency in this way. Users can decide which cryptocurrency they wish to use to make a payment in the app, while Coinbase subsequently converts the crypto to cash, for a fee.
Coinbase U.K. CEO Zeeshan Feroz said, “You can buy groceries on bitcoin and then coffee on litecoin right after.”
The card has been available for UK Coinbase accounts since April and the card has been issued by Paysafe Financial Services Limited, which is regulated by the Financial Services Authority as a certified issuer of electronic money and payment instruments.
This latest development is all part of Coinbase’s expansion strategy. Earlier this year it opened its trading services in 50 more countries and added support for its USDC stablecoin in 85 countries.