Fun

Coinbase Expands Reach of Visa Card in Europe, Adds 5 New Cryptos

News Feed - 2019-11-14 09:11:45

Coinbase has added support for five new crypto options to its Visa debit card, and also expanded availability to 10 more European nations.


The U.S.-based cryptocurrency exchange announced Thursday that holders of the card can now spend XRP, basic attention token (BAT), augur (REP), 0x (ZRX) and stellar (XLM). The new options come in addition to the currently offered bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC).


Coinbase customers in Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania and Sweden have now also been provided access to the card product.


Zeeshan Feroz, CEO at Coinbase UK, said in a statement: “By more than doubling the number of assets our customers can spend on Coinbase Card, as well as introducing the card to 10 new countries, Coinbase continues to help drive crypto’s role as a utility, and not just an investment.”


The Coinbase Card was launched back in April to serve the U.K. and EU nations. Coinbase says it “instantly” converts cryptocurrency to fiat currency when customers make a transaction using the debit card.


According to the firm, the card can be used anywhere that accepts Visa, including internationally. There are fees for ATM transactions above the value of €200 – 1 percent domestically and 2 percent internationally – as well as charges for some purchase transactions, its website says.


Coinbase also provides an iOS and Android app that lets users make Visa payments on their mobile devices. The Coinbase Card is issued by Paysafe Financial Services Limited, a firm authorized by U.K. regulator, the Financial Conduct Authority.


Product image courtesy of Coinbase

News Feed

Binance CEO Sees No Threat to Crypto From Central Bank Digital Currencies — Says CBDCs Will Validate Blockchain Concept
Binance CEO Sees No Threat to Crypto From Central Bank Digital Currencies — Says CBDCs Will Validate Blockchain Concept The CEO of cryptocurrency exchange Binance does not see ce
Marathon Digital Posts Negative Q2 Results, but Increases Bitcoin Production 8% YoY
Marathon Digital Posts Negative Q2 Results, but Increases Bitcoin Production 8% YoY Marathon Digital, one of the biggest mining companies in the Bitcoin ecosystem, has posted its f
Validator Entry Thresholds on the Decline as Cloud-Based Staking Challenges Surmounted
Validator Entry Thresholds on the Decline as Cloud-Based Staking Challenges Surmounted Through the novel use of hardware security modules in conjunction with a c
Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’
Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, "Catalyzing an Economic Collapse" Billionaire hedge fund manager and founde
Bitcoin Transactions: New High for Argentina as Confidence in the Peso Tanks
Bitcoin Transactions: New High for Argentina as Confidence in the Peso TanksCrisis laden Argentina saw bitcoin transactions worth $1.4 million (101 million pesos) being recorded in
Sky Mavis Launches Katana, a Native Dex for Its Ronin Sidechain
Sky Mavis Launches Katana, a Native Dex for Its Ronin Sidechain Sky Mavis, the company behind the development of Axie Infinity, has launched Katana, the first decentralized exchang
Solana Approaches $125 – Will 2-Level Filter Trigger A Long Signal?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
New York Stock Exchange-backed Bakkt considers sale — Report
Vince QuillJun 07, 2024New York Stock Exchange-backed Bakkt considers sale — ReportInsiders, who spoke to Bloomberg, say a breakup of the company, a sale, or the decision to maintain its current structure are all on th
US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion
US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth
Chainlink Price Could Run To $31 In The Next Leg Up — Here’s Why
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Stablecoin USDC Launches on Hedera Network
Stablecoin USDC Launches on Hedera Network Circle announced today the launch of its trademark stablecoin USDC on top of the Hedera network. This action is part of the multichain co
Wall Street’s Guggenheim Treasury tokenizes $20M paper on Ethereum
Ana Paula Pereira6 hours agoWall Street’s Guggenheim Treasury tokenizes $20M paper on EthereumAccording to Guggenheim Treasury Services, the product is the first digital version of commercial paper on the Ethereum netw