Source for BlockChain News

Category archive

Coinbase card

Coinbase Card | Now You Can Spend Your Crypto Instantly

by
Coinbase card

Coinbase card

The Coinbase card is looking to make cryptocurrencies easier to pay with.

Over a long time, Bitcoin and other cryptocurrencies such as Litecoin, Ethereum, and Ripple’s XRP have been criticized that they are hard to use and spend in the real world compared to fiat currency.

Last week, the price of Bitcoin surged to $5,000, but due to its volatility and instability, BTC is still not considered the best means of payment. Bitcoin is thus considered to be a store of value just like gold instead of being an exchange currency.

However, these perceptions are about to change following the teaming up of Bitcoin and Coinbase with Visa. The aim of the collaboration is to try and change the criticism surrounding cryptocurrency with the launch of the Coinbase Card that will allow users to spend cryptocurrency effortlessly like traditional fiat currency in the bank.

Coinbase Card Could Be Used to Spend Bitcoin

Coinbase’s Visa debit card can be used with Bitcoin, Litecoin, Ethereum, and Ripple’s XRP in various locations across the globe. When the card is used, it converts Bitcoin to fiat currency, and the store or merchant receives the pay in fiat currency.

Using the new app, users will be able to choose their preferred cryptocurrency on the card. The card has the capability of backing all crypto assess available on the Coinbase platform. Users will be able to monitor their spending as the new app is able to produce receipts, spending and transaction details.

>> Bitcoin Price is in the Green but EOS is Today’s Real Winner

“This is the first debit card to link directly with a major cryptocurrency exchange, allowing people to spend their crypto balances direct from their Coinbase account,” Coinbase said in a statement, announcing the launch of the card. “Previously available crypto cards required users to pre-load a specified amount of crypto onto their card, adding a point of friction to the process.”

The card is available in the UK, and Coinbase plans to launch it in other countries across Europe. The service will not be available for users outside of Europe. However, US Coinbase users will get to spend Bitcoin from their accounts through Apto payments, which is providing Coinbase with the technology.

The poaching of Christine Sandler by Fidelity Digital Assets from Coinbase is great news for Bitcoin and other cryptocurrencies eyeing institutional support.

Featured image: DepositPhotos © Piter2121

If You Liked This Article Click To Share

Coinbase Card Includes 5 More Cryptos and Launches in 10 Countries

by
Coinbase

Coinbase

The crypto space has grown at a breakneck pace over the course of the past few years and a fair share of the credit for that should go to mega crypto exchanges like Coinbase. Over the years, the company has introduced a wide range of products that have managed to further expand the crypto ecosystem, and on Thursday, it made another major announcement.

The company announced that it is going to add support to five new cryptocurrencies for the VISA debit card that it issues. In addition to that, it added that the card will now be available in 10 more countries in Europe.

Key Expansion

The five cryptocurrencies that have been added to the Coinbase Card include Stellar (XLM), XRP, Augur (REP), Basic Attention Token (BAT), and Ox (TRAX). The card already provides support for Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH) at this point in time. So, holders of this card will now be able to spend with as many as nine different cryptocurrencies. The company also announced the 10 new European countries in which the card will now be supported.

The card will now be supported in Sweden, Liechtenstein, Bulgaria, Croatia, Iceland, Romania, Hungary, Norway, Croatia, and Denmark. The double announcement of support for five more cryptocurrencies and expansion into 10 European nations is a hugely significant development. The CEO of the UK arm of Coinbase, Zeeshan Feroz, spoke about the developments:

>> Kik “Void for Vagueness” Plea Against SEC Dismissed by Judge

“By more than doubling the number of assets our customers can spend on Coinbase Card, as well as introducing the card to 10 new countries, Coinbase continues to help drive crypto’s role as a utility, and not just an investment.”

The card issued by the company has gained traction over the past months, and one can expect it to now grow at a faster rate due to these alterations.

Featured image: DepositPhotos © LDProd

If You Liked This Article Click To Share

Go to Top