Using Coinbase for Crypto on Credit
Many have long argued that paying for goods and services with digital currencies is either difficult or cannot be done thanks to their volatile prices. One may wind up paying for an item that’s $50.00 with $50.00 worth of bitcoin. The next day, the price of bitcoin goes down and that $50.00 turns into $35.00. Thus, the company loses profit on the sale while the customer gets to keep the item at full value.
Visa and Coinbase are now working to change this with the new “Coinbase card,” a credit card that Coinbase says will allow people to “spend money as effortlessly as the money in their bank.”
The U.S.-based exchange issued a statement that reads:
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…
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