The leading US crypto exchange has issued a VISA debit card called Coinbase Card for its UK customers.
The card will allow exchange customers to use digital currencies stored on their stock exchange accounts in their daily operations, for example, when paying for goods at point of sale (PoS) or online.
This card will be accepted anywhere in the world where there is VISA support. Moreover, customers can even withdraw payments through ATMs.
Coinbase works with Paysafe Financial Services Limited to issue payment cards.
Coinbase representatives say:
To help customers manage their expenses, we also launched the Coinbase Card application, which allows customers to choose which of their crypto wallets they will use to fund card costs.
The Coinbase Card supports all cryptoactive assets available for buying and selling on the Coinbase platform, meaning that they can pay for food using Bitcoin or use Ethereum to pay for their train ticket home.
Earlier this month, the California Stock Exchange reported that it had purchased insurance coverage of up to $ 255 million to protect its customers ’funds stored on hot wallet platforms.
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