Major American cryptocurrency exchange Coinbase has launched Coinbase Card, that enables its United Kingdom-based customers to pay in-store and online with cryptocurrency.
The development was announced in a blog post published on April 10.The Coinbase Card is a Visa debit card powered by customers' Coinbase account crypto balances, which allows them to make purchases with digital currencies worldwide.
Coinbase instantly converts customers' cryptocurrency funds into fiat currency in order to complete the purchase.
Coinbase also released the Coinbase Card app for iOS and Android, which links customers' Coinbase accounts with the app and allows them to choose a particular wallet to fund their Coinbase Card.
The card reportedly supports all digital assets available to purchase and sell on the Coinbase platform.
The card is issued by authorized and regulated as an electronic money institution Paysafe Financial Services Limited.
Currently, Coinbase Card is available for customers in the U.K., however Coinbase reportedly plans to add support for other European countries in the near term.
Earlier this month, Visa itself published a crypto and blockchain-related job opening.
The firm is ostensibly seeking someone to fill the position of Technical Product Manager at Visa Fintech at its Palo Alto office.
The position's description states that a candidate should have an in-depth understanding of distributed ledger technology and the crypto industry.
Coinbase Crypto Exchange Debuts Visa Card for UK Customers
Published on Apr 10, 2019
by Cointele | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.