Coinbase Expands Visa Card Service to Six European Countries

Crypto exchange Coinbase has expanded its Visa debit card service in six European countries - Spain, Germany, France, Italy, Ireland, and the Netherlands.

According to a June 11 CNBC report, the card will allow Coinbase customers to spend digital assets including Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, Ethereum, and Litecoin directly from their exchange wallets while making both online and offline transactions.

Though by default the card comes in the Coinbase mobile app, users can also opt for a contactless physical card. It can be used to withdraw fiats from ATMs as well.

The users also get the option to chose their desired cryptocurrency while making a transaction.

The report also detailed that the exchange will convert the crypto into fiat while paying the retailers and will change a conversion fee from the customers.

The exchange introduced the same service in the United Kingdom in April. Though in an interview with CNBC, Coinbase UK CEO Zeeshan Feroz did not disclose the exact number of customers it signed up in the UK, he mentioned that the company “blew past” the initial 1,000 cards it offered users for free.

Easing payment mode

Credit and debit card payment services are becoming the norm in the crypto industry. To ease the process of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, many crypto companies are introducing card payment services. Simplex is one such company which is riding on this trend.

The fintech company partnered with major companies like Binance, Huobi, Trade.io, and Liquid to enable fiat deposits using debit and credit cards.

Expanding business in untapped markets

After becoming a major player in the crypto trading industry, Coinbase is now focusing on international expansion and other crypto-related services. Last month, Finance Magnates reported that the exchange’s crypto custody service has added 70 institutional clients.

The San Francisco-headquartered exchange also recently expanded its earn program to more than 100 countries.