Coinbase Crypto Debit Card Debuts in Six Countries for Mainstream Shoppers
The Coinbase Card is rolling out in France, Spain, Italy, Germany, Ireland and the Netherlands.
The card supports major cryptocurrencies such as Bitcoin, Ethereum and Litecoin, and allows shoppers to spend crypto like cash at the check-out and online wherever Visa is accepted. In addition to spending BTC, ETH, LTC and other leading cryptocurrencies, users will have the option of spending euro by converting fiat into crypto for a fee.
The card initially debuted in the UK in April, allowing shoppers to purchase everyday items, from groceries to coffee.
- Mobile app syncs directly with Coinbase account
- Physical contactless card
- ATM cash withdrawals
By focusing on the user experience and by making crypto easy to acquire and spend, Coinbase has become the largest cryptocurrency exchange in the US with over 20 million users who can buy and sell cryptocurrencies.
According to a report by CNBC, Coinbase plans to expand the offering into other territories. Coinbase UK CEO Zeeshan Feroz says the company “blew past” its giveaway of 1,000 free cards on strong demand.
“We will be looking at all of our key markets including the US.”
Coinbase Card joins similar products, such as Crypto.com, Wirex and Simplex, that are designed to put crypto into the hands of mainstream shoppers who are accustomed to using credit cards.