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While the United States is taking its time to hop on the train of contactless cards, the cryptocurrency exchange Coinbase is focusing on spreading its wings far and wide, across several European countries. Coinbase initially rolled out its crypto Visa card in April in the United Kingdom, and yesterday it announced the addition of 6 other European countries to the list.
The crypto exchange which currently boasts a value of $8 billion is headquartered in California but has found home in a number of cities across several countries.
As of the time of compiling this article, Coinbase’s crypto Visa debit card is acceptable at partnered stores and outlets in Italy, France, Netherlands, Spain, Ireland, and Germany. With the Coinbase crypto card, consumers can now buy groceries with different crypto coins without having to use multiple cards or transfers. You could buy milk with Bitcoin and pay for bread with Litecoin. It is that simple and fun!
The aim of the card, according to Coinbase, is to make payment with crypto entirely seamless. And from the look of things, I would say they got it right this time. The crypto card is integrated with the app to allow any user with a Coinbase account to withdraw seamlessly from ATMs and pay for goods and services too. Besides local merchants, users can also use the card to pay for goods and services online.
This will be of great help to users who are struggling with crypto payments. In addition to that, users do not have to worry whether an outlet accepts crypto coins or not as they can use the crypto card to change crypto to the respective fiat currency. You could literally do all your shopping online and at local stores with the card.
The Crypto Card Allows Switching Between Different Cryptocurrencies
With the app, you also enjoy the option of switching between digital coins. All you’ve got to do is to select the cryptocurrency attached at the time of the payment. The app is designed to synchronize directly with all your Coinbase accounts. Therefore, you do not need to get multiple cards; one card can do it all. One card for Litecoin, Bitcoin, Ethereum, and lots more. Say you are low on cash on your Bitcoin account, you can simply choose to pay with your Litecoin funds without sweating it. Simple. Fast. Secure.
According to the CEO of Coinbase UK, Zeeshan Feroz, the Coinbase Card received a warm welcome. Although no actual figure was given, he stated that the company blew past the number of crypto cards offered for free at its launch in April – which was 1,000.