The leading United States’ crypto exchange has launched a VISA debit card called Coinbase Card to its United Kingdom-based customers.
The card will allow the exchange customers to use digital currencies stored in their exchange accounts in day-to-day transactions like paying in-store on a point-of-sale (PoS) or online.
Being a VISA card, it will be accepted by all VISA-supported merchants around the globe. Moreover, the customers can even withdraw fiat using ATMs.
“To help customers manage their spend, we’ve also launched the Coinbase Card app, which enables customers to select which of their crypto wallets they will use to fund their Coinbase Card spending,” Coinbase noted. “Coinbase Card supports all crypto assets available to buy and sell on the Coinbase platform, meaning they can pay for a meal with Bitcoin, or use Ethereum to fund their train ticket home.”
Coinbase has partnered with Financial Conduct Authority-registered Paysafe Financial Services Limited for the issuance of the payment cards.
USD trading in Europe
The San Francisco-headquartered exchange is also bolstering its moves to capture the European market.
Coinbase, on April 10, has also announced that the exchange has introduced USD trading pairs for its professional platform clients based in Europe. The exchange believes that this will provide Coinbase Pro and Prime customers with “deepest pools of liquidity for USD to crypto trading” available through their USD books.
The digital asset exchange is also gearing up its offerings by adding more and more coins on its platform. that Coinbase has added three new altcoins – EOS, Augers’ REP, and MKR – on Coinbase Pro following the . It later extended its as well.
Earlier this month, the California-based exchange revealed that it has bought an to protect its customers’ funds kept on its hot wallet platforms.
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