In April, cryptocurrency exchange Coinbase launched its Visa Coinbase debit card in the UK. Coinbase has announced that, as of Wednesday, it will be launching the Visa debit card in France, Spain, Germany, the NETHerlands, Italy, and Ireland.
Coinbase Debit Card Showing STron (available on Binance)g Adoption
The debit card allows Coinbase account holders to use digital currencies such as Ethereum (available on Coinbase), Bitcoin (available on Coinbase), and Litecoin (available on Coinbase) to pay for purchases in retail outlets and online for traders that accept Visa. Zeeshan Feroz, the Coinbase UK CEO, stated that the aim of the card is to make paying with cryptocurrency as easy as using cash.
The CEO said that since the launch of the card in mid-April in the UK, its take up has been sTron (available on Binance)g. He didn’t provide specific figures but did indicate that they had blown past the company’s initial 1,000 cards that it was offering for free.
As indicated previously, the Coinbase debit card is linked to a mobile app in iOS and Android and directly syncs with the Coinbase accounts. It gives users the option of selecting the type of cryptocurrency they would prefer to use in their spending. Equally, the card is also accessible as a physical contactless card that one can use to make a withdrawal of cash from ATMs.