In a major breakthrough, Coinbase announced the launch of a VISA debit card in the United Kingdom on 10th April 2019.
Since the card is VISA enabled it can be spent in millions of location accepting VISA enabled PoS (Point of Sale) payments. It can also be used to withdraw cash from the ATMs. Hence, facilitating the instant conversion of crypto to FIAT currencies. The balance of cryptocurrencies in the Coinbase Account will be used to spend through the card.
According to the blog post, the Coinbase customers can now pay through all cryptocurrencies available on Coinbase; “they can pay for a meal with Bitcoin, or use Ethereum to fund their train ticket home.”
Coinbase Card App
To avail the card, Coinbase users in the UK must download the new Coinbase Card App which is available both on Android and iOS. A virtual card will be issued instantly after completing the registration process. The contactless card will be sent via post by the firm later. Moreover, the card can now be linked…
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