Coinbase has announced that US customers can now join the waitlist for its Coinbase Card, a debit Visa card that allows customers to spend cryptocurrency anywhere Visa cards are accepted. Coinbase claims it’s “the easiest, quickest way to spend your crypto worldwide.” Previously, the card was only available in Europe.
There are a number of debit cards around the world that allow you to spend cryptocurrency (you’ll soon be able to do so with Paypal as well). But many platforms require you to load funds onto the card in order to spend them. The Coinbase Card eliminates the middleman, instead pulling funds directly from your Coinbase account. Other cards are limited to one or a few currencies; the Coinbase Card supports more than 30, according to the company (and converts everything to US dollars before completing purchases and ATM withdrawals).
Interesting in learning about how COVID-19 has impacted the payments industry?
The Strawhecker Group (TSG) and Visa Consulting & Analytics (VCA) teamed up to survey a representative sample of U.S. consumers, and analyzed Visa’s proprietary spend data, with the goal of understanding how the COVID-19 pandemic has impacted consumer lifestyles, payments trends, and how behaviors may change after the pandemic.