The major American cryptocurrency exchange Coinbase is in the latest cryptocurrency news because a radical announcement and launch of a new debit card named the Coinbase Card. After partnering with VISA, Coinbase has launched the card to enable its United Kingdom-based customers to pay-in store and online with their Bitcoin and cryptocurrency earnings.
The development was initially announced in a blog post that was published on April 10. For those of you who don’t know, this debit card is issued by VISA and powered by the customers’ Coinbase account crypto balances which allow them to make purchases with digital currencies worldwide.
“Coinbase Card is powered by customers’ Coinbase account crypto balances, giving them the ability to pay in-store and online using bitcoin, ethereum, litecoin, and more. Customers can use their card in millions of locations around the world, making payments through contactless, Chip and PIN, as well as cash withdrawals from ATMs. When customers use their Coinbase Card, we instantly convert crypto to fiat currency, such as GBP, which is used to complete the purchase,” the release notes.
Coinbase instantly converts the customers’ cryptocurrency funds into fiat currency in order to complete each purchase. The app has also been released for iOS and Android in an attempt to link the customers’ Coinbase accounts with the app and allow them to choose a particular wallet to fund their Coinbase VISA Card.
In addition to this, the card will also provide support for all digital assets and altcoins available for sale on the Coinbase platform. Issued, authorized and regulted by the electronic money institution Paysafe Financial Services Limited, the Coinbase VISA Card is currently only available for customers in the UK but there are plans already for support coming to other European countries in the near term.
Earlier this month, Visa also made the news for publishing its own crypto and blockchain-related job opening. In the opening, Visa is seeking a professional that would fill the position of a Technical Product Manager at Visa Fintech at its Palo Alto office.
For more news about cryptocurrencies and similar topics, keep following our DC Forecasts best cryptocurrency news site!
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
DC Forecasts - Newsletter and get recent news directly to your inbox! Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.