Coinbase is extending its crypto debit card empire from the UK to six more European countries as of today.
The new cards for Coinbase account holders will now be available from 12 June for users in France, Germany, Italy, Ireland, Spain, and the Netherlands.
The Coinbase card is to simplify payments for all products to put the crypto on a par with cash according to Coinbase UK CEO Zeeshan Feroz, claiming, “You can buy groceries on Bitcoin and then coffee on Litecoin right after.”
If this as simple as Coinbase maintains, then this is partly due to the growing popularity of cards and apps which can be used to withdraw cash from ATMs or pay over the counter using cryptocurrency. Other players now include Binance, one of the world’s largest exchanges, and UK startup Revolut. Currently, Coinbase allows payments using its Coinbase Card in Bitcoin, Ethereum and Litecoin after a limited number of free cards had been issued to UK users recently.
The Coinbase card is another move designed to keep its European clients happy in a growing competitive market where major exchanges are pushing for new clientele. The card is authorized by Paysafe Financial Services Limited and by powered by customers’ Coinbase account crypto balances.
The call now is for a US-based Coinbase Card, which has already been hinted at. The company has suggested that it is currently working on the introduction of a debit card for cryptocurrency users in the United States, although a date launch has yet to be announced.
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