Digital currency exchange Coinbase launched a Visa debit card in the U.K. on Thursday to make it easier for customers to spend their cryptocurrencies like bitcoin (BTC), ether (ETH), litecoin (LTC) directly from their Coinbase accounts. The company said it will “instantly” convert cryptocurrency to fiat currency, such as the British pound (GBP), when customers complete a transaction using the debit card can also be used to withdraw money from ATMs.

"Coinbase Card supports all crypto assets available to buy and sell on the Coinbase platform, meaning they can pay for a meal with bitcoin, or use ethereum to fund their train ticket home," Zeeshan Feroz, the head of Coinbase U.K, said in a blog post.

Users can also choose which cryptocurrency is used on the card through a new app available on Android and IOS platforms. The app also offers instant receipts, transaction summaries, and spending categories, to help customers keep track of their spending.

For the first 1,000 customers, Coinbase said it will waive the card issuance fee of £4.95 ($6.48).

Although the Coinbase Card is currently only available in the U.K. but the San Francisco-based exchange, plans to roll out support in other European countries in the "oncoming months." There are no plans yet for support outside of Europe.[color=#550000][/color]

Interesting! And when will it be launched in Nigeria?

List your business on https://www.nairakobo.com.ng/

There are no plans yet for countries outside Europe. But they have it in mind i guess.

power50:
Interesting! And when will it be launched in Nigeria?

List your business on https://www.nairakobo.com.ng/