2019-06-12 06:11:14
Coinbase Card Launches in Six European Countries
United States-based cryptocurrency exchange and wallet service Coinbase has launched its Visa debit card in six European countries, CNBC reports on June 11.
As of today, cardholders in Spain, Germany, France, Italy, Ireland and the Netherlands will be able to use the cards, which sync directly to their Coinbase accounts. The card comes as both a mobile app for iOS or Android, and as a physical card that can be used to withdraw fiat currencies from automatic teller machines.
Coinbase’s new offering purportedly allow users to spend cryptocurrencies they hold at any merchant that accepts Visa cards. 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 (BTC) and then coffee on litecoin (LTC) right after.”
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