Coinbase Plus Visa: An Engagement We Were Looking For
Admit it. We were all waiting for news like this one. Yes, we were. Because it’s news like this which will make crypto adoption truly “mass” and crypto concept easily understandable for people. So, Coinbase and Visa have announced a partnership in the UK, to begin with; EU countries will join in the coming months.
Coinbase has launched a Visa debit card enabling UK customers to buy with crypto at retail stores and online. The card is tied to an existing Coinbase account of a given user allowing direct spending of coins stored in that account. In addition to the card, there is a dedicated Coinbase Card app, where users can choose the wallet they want to spend from, receive instant receipts and track purchases.
The card could be used as a regular card also with contactless/Chip and PIN payments, plus withdraw cash from ATMs around the globe. Crypto is converted into fiat instantly. More details could be found in Coinbase blogpost.
Big news, if you ask me. Yes, there are some implications when it comes to fees and all that, but it’s the significant step in the very right direction, so the road is destined to be bumpy. We’re joining the ride, for sure.