Coinbase launches Visa debit card for cryptocurrencies
Crypto exchange Coinbase has good news for customers of the United Kingdom and the EU. It is the recent launching of the Visa debit card compatible with all the encrypted assets of the market
The Coinbase cryptocurrency exchange recently announced the launch of its Visa cryptocurrency debit card that will allow customers from the United Kingdom and the European Union make transactions with all the encrypted assets available in the market.
Coinbase Card is the first of its kind in the United Kingdom. With regard to this novelty, Zeeshan Feroz, CEO of the company in the European country, said: “Making encryption easier to use and spending is fundamental to our mission to create an open financial system.”
The operation is similar to that of transactions with fiat money. The amount in cryptocurrencies, equivalent to the amount spent is debited immediately to ensure that the correct value is captured and the funds are charged from the customer’s account.
Coinbase, based in San Francisco, United States, indicated that the customers from both countries can do their shopping with their bitcoins, ethereum and litecoins.
Feroz stressed that customers will be free to make consumptions with the Coinbase Card through Contactless, Chip and PIN, in addition to make withdrawals in cash at ATMs.
The card also has an application for Android and iOS platforms. It is important to note that the spending limit is £ 10,000 ($ 13,092) per day. Coinbase Card has no maintenance fee; however, reversing a transaction will cost £ 20 ($ 26.19).
M.Pino
Fuente: Bitcoin.es
