Coinbase, one of the world’s most popular cryptocurrency exchanges, has launched a new feature that allows users to spend their cryptocurrency holdings using a Visa debit card. The Coinbase Card is currently available in the UK, and the company plans to roll it out to more countries in the coming months.
One of the key selling points of cryptocurrency is that it can be used to make payments without going through a traditional financial institution. However, this has proven to be difficult in practice, as most merchants do not accept cryptocurrency directly.
The Coinbase Card solves this problem by allowing users to spend their crypto holdings anywhere that accepts Visa, just like a regular debit card.
In addition to making it easier to spend cryptocurrency, the Coinbase Card also offers some other advantages. For one, it allows users to avoid paying conversion fees when spending crypto abroad.
Additionally, cardholders will earn 1% cashback in Bitcoin on all purchases made with the card.
The Coinbase Card is currently available in the UK and can be ordered through the Coinbase app. The company plans to roll out the card to more countries in the coming months.
The Coinbase Card is a great way to spend your crypto holdings without having to convert them into fiat currency first. The card also offers some other advantages, such as cashback rewards and no conversion fees for spending abroad.
If you’re looking for an easy way to use your crypto holdings, the Coinbase Card is definitely worth considering.