Coinbase Launches US Debit Card
Photo credit: Marco Verch, licensed under Creative Commons Cryptocurrency company Coinbase is launching its Visa debit card in the US that’ll…
|Photo credit: Marco Verch, licensed under Creative Commons
Cryptocurrency company Coinbase is launching its Visa debit card in the US that’ll allow its customers to use cryptocurrency for payments and purchase online and in-store as well as for ATM cash withdrawals. As to that, a US waitlist has been made available for the Coinbase Card, which before now had already rolled out to over 20 countries in Europe.
The Coinbase Card pulls funds directly from a user’s Coinbase account and supports nine currencies. Already, there are a number of debit cards that allow people to spend cryptocurrency but with many of them requiring fiat funds to be loaded to the card before use. The Coinbase Card eliminates that issue by linking directly to a customer’s accounts, wherein all transactions are converted to dollars before execution.
In the US, Coinbase is debuting rewards programs for its crypto card. The card as expected will be linked to the Coinbase app to enable users to keep track of their purchases. Although with a waitlist now open, Coinbase hasn’t specifically said when the cards will be delivered to US customers.