The website CoinDesk.com published news about Coinbase tries to deploy its own Visa bank card. Hey, it can mean something big, for sure, if it works and lasts. Now, let’s check what is happening:
Cryptocurrency exchange Coinbase has expanded its Visa bank card plan to six countries in Europe, allowing customers in the area to invest their digital assets. Based on a study from CNBC on Wednesday, the Coinbase Card has become readily available for users in some countries: Germany, France, Italia, Ireland, and also the Netherlands.
Using the card, customers can spend their cryptocurrency assets including bitcoin, ethereum, and litecoin both on the internet and physical stores that accept Visa. Coinbase first folded out a cryptocurrency Visa bank card in April, solely for users located in the U.K. at that time.
Zeeshan Feroz, Chief executive officer of Coinbase U.K., didn’t disclose the number of users the firm had registered since April but stated within an interview with CNBC it had “blew past” the first 1,000 cards issued to customers free of charge.
As formerly as reported by CoinDesk, Coinbase Cards are associated with a mobile application on both Android and iOS devices, by which customers can choose which kind of cryptocurrency they wish to use to finance each spending.
That stated, clients are in a roundabout way having to pay retailers with crypto assets. Rather, Coinbase charges a charge to assist convert users’ cryptocurrencies right into a fiat currency, i.e. euro within the new offering.
The firm partners with PaySafe, a U.K. payment processor, to issue them, a Coinbase spokesperson told CoinDesk before.