Leading US cryptocurrency company Coinbase announced the launch of a Visa debit card for UK customers. Using the new card, British Coinbase users will be able to pay for goods and services both online and in physical locations, as well as withdraw cash from ATMs.

By linking to accounts on the main platform, the Coinbase Card allows you to use Bitcoin and other supported cryptocurrencies for calculations, including Ethereum and Litecoin. When performing operations, the Coinbase Card instantly converts cryptocurrencies into Fiat.

Card ordering is carried out through an application for Android or iOS . With it, users can choose which of the wallets will be used to debit funds, as well as receive detailed statistics about their expenses.

Daily limits are also set: this amount is up to £ 10,000 for spending money and £ 500 for cash withdrawals. Transactions are subject to a commission of 2.49% (1.49% for the conversion of cryptocurrency + 1% for the processing of the transaction). For cash withdrawals of more than £ 200 per month, a fee of 1% will be charged.

As noted in the message, currently the service is available only to residents of the UK, but in the coming months, Coinbase plans to expand it to other European countries.

Recall that in November 2015, a Californian company offered its users a Coinbase Shift Visa debit card, but since April 11, the program for their service ends .

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