Coinbase’s Crypto Debit Card Now Available In Six New European Countriesbr>
Cryptocurrency exchange Coinbase has expanded its Visa debit card service to six new countries across Europe – Spain, Germany, France, Italy, Ireland, and the Netherlands.
Visa debit card service, called Coinbase Card, comes in a mobile app and syncs directly with Coinbase accounts, allowing users in a supported country to spend their crypto instantly worldwide. Customers can use their card in millions of locations around the world, making payments through contactless, Chip and PIN, as well as cash withdrawals from ATMs. When customers use their Coinbase Card, the exxchange instantly convert crypto to fiat currency, such as GBP, which is used to complete the purchase.
“Since launching in the UK, Coinbase Card users have been spending their crypto as easily as the money in their bank accounts,” said Coinbase UK CEO Zeeshan Feroz. “From grocery shopping, to cocktails and dinner dates, Coinbase Card has become the go-to card in our customers’ wallets.”
Feroz said that Coinbase hopes to expand the card into other markets, including the US, but needs to find the right banking partners.
“We’re constantly working to make the Coinbase Card experience even better,” Feroz said. “In the coming months, we’ll be introducing brand new features, as well as bringing the card to even more customers around the globe.”