Altcoin News: Crypto Visa Debit Card for UK and EU Customers from Coinbase is Here
April 11, 2019, by Marko Vidrih on ALTCOIN MAGAZINE
Coinbase has announced the launch of Visa debit cards with the option of paying for goods with cryptocurrencies directly from the user’s account on the exchange.
Coinbase Card will allow you to spend Bitcoins, Ethers and other cryptocurrencies from the user’s wallet “as easy as money from a bank account.” The conversion process will take place automatically and instantly at the moment when the user makes a transaction using the card.
It is reported that Coinbase Card will support all the cryptocurrencies available on the exchange, and you can spend them on any purchases, be it food in supermarkets or tickets for public transport. Maps will be available to users from Europe and the UK.
In addition, the company launched a special mobile application in which users can select the cryptocurrency that they plan to spend on the purchase of goods. Exchange customers will be able to receive a check, as well as view a list of transactions and categories of purchases.
Note that card issuing services will be provided by the British payment operator PaySafe. For the first 1,000 Coinbase Card users, the exchange will issue a card for free, and for subsequent clients, the commission will be about $6.5.
Coinbase Card is currently only available in the UK, but they plan to support other European countries in the coming months.
Recall that in February the Shift Card service, which issued Visa debit cards with the ability to use cryptocurrencies, announced the closure, and in late February, Aave launched the Aave Pay application, which allows users to pay their bills using cryptocurrencies.
Author: Marko Vidrih