The cryptocurrency exchange platform based in the city of San Francisco, Coinbase, recently announced that it will include in its debit card Coinbase Card, support for XRP funds, in addition to four cryptocurrencies in Europe and the United Kingdom.
The announcement was made by the company through its official accounts, to make public the inclusion of support for ripple (XRP), basic attention token (BAT), augur (REP), stellar (XLM) and ox (ZRX), currencies which are added to the original list, consisting of bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC).
JD Millwood, head of marketing for Coinbase UK, said: “Since its launch earlier this year, Coinbase Card helped thousands of users when using their cryptocurrencies, which they can easily do as if they were it’s money in their bank accounts. Now that the Christmas season is very close, Coinbase Card will have more demand than ever before. “
The platform highlights as benefits of its card the possibility of customers for transactions with their crypto assets like any fiat currency. However, a weak point is the high fees for payments with the card, which amount to 2.5% for each purchase.
In this regard, customers in the United States remain in expectation given that in the country this commission may be even higher because the Internal Revenue Service (IRS) “would evaluate each transaction to allocate the appropriate tax margin, based on the fact that every crypto / fiat conversion generates an associated tax rate. “