Coinbase debit card, which will spread the use of crypto currency in enterprises, is now in use.
According to a news released by CNBC on June 11, the US-based crypto currency exchange and wallet provider Coinbase ‘s Visa debit card is now available in six European countries.
Features of Debit Card
According to Cointelegraph, as of yesterday, cardholders in Spain, Germany, France, Italy, Ireland and the Netherlands began to use their cards directly synchronized with Coinbase. Coinbase’s debit card can be used in both iOS and Android mobile applications. In addition, these cards will be able to trade in traditional currencies from automatic cash dispensers. So the cards will be delivered to their owners as physical debit cards.
In addition, thanks to Coinbase’s new cards, users will be able to use their crypto money to pay for any business that accepts a Visa card. Users will be able to decide which crypto currency they want to use from the applications on their phones. Coinbase will then convert the crypto into cash for a small fee.
Coinbase UK CEO Zeeshan Feroz makes the following statement regarding debit cards:
From now on, you will be able to buy your vegetables with Bitcoin and your coffee with Litecoin.
On the other hand, the card was first made available in the UK in April. Coinbase’s card was launched by Paysafe Financial Services Limited , an electronic money and payment instrument approved by the Financial Services Authority .
The San Francisco-based stock market has significantly increased its services throughout the year. Last month stock market investment services to expand to 50 countries in 85 countries stablecoin the USDC transaction support for loved . In addition, Coinbase added stablecoin Dai to the Coinbase Earn program , where users earn crypto money as they watch educational videos .
In addition, Emilie Choi , vice president of the stock exchange’s Department of Commerce, Information and International , recently announced that the idea of decentralized stock exchange (DEX) is not among its priorities.