Cryptocurrency exchange Coinbase has launched a Visa debit card in the UK, letting users spend cryptocurrencies in retail stores and online.
The company plans to roll the card out in other European countries next month.
The card is tied to your Coinbase account balance, meaning you can directly spend the coins you hold there. The card itself is issued by payment processor Paysafe and works like any other debit card: You can make contactless, chip and PIN payments as well as withdraw cash from ATMs.
Bitcoin, Ethereum, Litecoin, and all other cryptocurrencies present on Coinbase are supported, the company said.
The card comes with an accompanying Coinbase Card app, which lets users choose which crypto wallet they want to spend from. It also offers instant receipts and lets users track purchases.
When it comes to crypto cards, there are three very important questions users have to ask before plunging in: Fees, limits, and exchange rates. Starting with the latter, Coinbase automatically converts crypto to fiat currency when you
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