Coinbase Expands Crypto-backed VISA Debit Cards in 6 European Countries |
Questions instead of arguments rather. With cryptocurrency based VISA debit cards, users have an option of legally making crypto-payments worldwide. Coinbase, which is one of the most trusted cryptocurrency Exchange, launched its VISA cards in April 2019 in the UK. Reportedly, the sales of the card “blew past” the initial 1000 Cards which were offered free off of the issuance fees.
Coinbase Users in available countries can avail and activate their virtual cards through the Coinbase Card App. The virtual card is made available instantly, and the plastic tangible version can be available on requests with issuance fees of 4.95 Euros. Coinbase charges a fee from users to make FIAT payments.
The balance in any of the Coinbase supported cryptocurrencies can use be used to make payments. Since 2018, Coinbase has added support for a number of cryptocurrencies including Stellar and EOS. Nevertheless, Bitcoin, Litecoin, and Ethereum payments are amongst the most accessible coins. The Debit Card is currently unavailable in the US; however, Feroz also noted,
“We will be looking at all of our key markets including the U.S”
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