- Coinbase launched a debit card that is supported by the Visa network. The card will allow their users to spend Bitcoin, Ethereum, Ripple and other cryptocurrencies.
- The card is available for much of Europe and will be launched in other countries.
Coinbase has achieved one of the most important use cases recently in cooperation with Visa. The crypto exchange announced that its users will be able to spend Bitcoin (BTC), Ethereum (ETH), XRP and other cryptocurrencies using debit cards supported by the Visa network.
Satoshi Nakamoto card to spend Bitcoin and other cryptocurrencies
The crypto exchange introduced a new product, called the “Satoshi Nakamoto debit card”, yesterday, February 19. The card will not only be supported by the Visa network, but will allow Coinbase users to spend all funds they have on the exchange.
According to Coinbase, it is the fastest and safest way to spend cryptocurrencies globally. Users will be able to use their cards at over one million locations worldwide and will be able to pay without the need for a contact, PIN or fiat money. The exchange secured the cards with double verification, instantaneous freezing and other mechanisms to make this use case meet global security standards.
In addition, Coinbase will allow its users to choose which cryptocurrency they wish to pay with. Users only need to enter in the Coinbase Card app and will be able to switch between cryptocurrencies in a matter of seconds. The application will also allow users to access their latest transactions, receipts and receive instant notification of each payment.
The card is available for the following European countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and the United Kingdom. The exchange said they are preparing to launch the card in other countries and are expected to make announcements in the coming months.