Coinbase Debit Card Rolled Out for US Customers

2020-10-30 10:00

Cryptocurrency exchange giant Coinbase has announced that US users can now apply to join the waitlist for its crypto-based Visa debit card. ‘Coinbase Card,’ which will work the same as any other Visa debit card on the market will permit users to make payments and ATM withdrawals without needing to move funds to a fiat bank account.

In the announcement posted on the Coinbase Blog, it was also revealed that Coinbase Card users will get the opportunity to earn up to four percent back in crypto rewards. The announcement brings the total number of countries and jurisdictions where Coinbase Card is available to just under 30.

Crypto, meet Coinbase Card. Now in the US you can spend the crypto in your Coinbase account everywhere Visa® debit cards are accepted and earn up to 4% back in crypto rewards. Terms apply. Join the waitlist today: https://t.co/Qg7LGDqrgn pic.twitter.com/DsbeX2Qm5o

— Coinbase (@coinbase) October 28, 2020

Coinbase on a Card

Joining users across the U.K. and most of the E.U. who already have access to Coinbase Card, U.S. users can now manage their card and spending preferences directly through the Coinbase app. In addition to earning crypto rewards, which are currently exclusive to the U.S., users can also choose what cryptocurrencies they wish to spend.

The service works by instantaneously converting users’ crypto funds into U.S. dollars at the point of sale. According to Coinbase, the first approvals will be made toward the end of Q4 2020, at which point the approved users will immediately be able to use a virtual Coinbase Card before receiving their physical card within two weeks.

Source: Coinbase Blog

An excerpt from the announcement reads:

“The introduction of Coinbase Card was a significant milestone in our efforts to create mainstream adoption of crypto as a genuine utility. Today’s announcement is another step forward in the real-world applications of cryptocurrency as it enables more options for Coinbase customers in the US to utilize their holdings.”

Crypto Exchanges Evolving

You may recall that Binance also made its entry into the card issuance space in March of 2020 when it announced the launch of the Binance Card. Like Coinbase Card, this was also a Visa debit card with aspirations of being available to users around the world, albeit with the same staggered rollout due to regulatory differences across jurisdictions.

Currently, Coinbase Card is available in Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, Estonia, Finland, France, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the UK.

According to Coinbase, U.S. users will not be charged an issuance fee, but their card usage is subject to the platform’s standard cryptocurrency conversion fees.

The post Coinbase Debit Card Rolled Out for US Customers appeared first on BeInCrypto.

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card coinbase → Результатов: 126


Coinbase’s Visa Debit Card Goes Live On Google Play, Available To All iOS, Android Phones

Users of Coinbase Card who also own Android supported smartphones can now integrate the two through Google Pay. This means that the card can now be imitated by a smartphone. Coinbase Card links a crypto holder’s balance as reflected in the exchange platform which can then be utilized to spend the cryptocurrency through immediate conversion […]

2020-3-18 00:30


Дебетовые карты Shift перестанут обслуживаться для Coinbase

Компания Shift Payments сообщила о завершении обслуживания дебетовых карт пользователей криптовалютной биржи Coinbase. Держатели карт уже получили официальные письма с сообщением о приостановлении операций.

2019-2-22 15:40


C 11 апреля Shift Card прекратит обслуживание криптовалютных дебетовых карт

Компания Shift Card из США, выпускающая дебетовые карты Visa, которые дают клиентам возможность тратить криптовалюты, хранящиеся в кошельке Coinbase в режиме реального времени, прекращает работу в апреле этого года.

2019-2-18 14:04


Сервис криптовалютных дебетовых карт Shift Card прекращает работу

Компания Shift Card из США, выпускающая дебетовые карты Visa, которые дают клиентам возможность тратить криптовалюты, хранящиеся в кошельке Coinbase в режиме реального времени, прекращает работу в апреле этого года.

2019-2-18 14:00


Shift Payments деактивирует биткоин-карты пользователей Coinbase

11-го апреля 2019 года дебетовые карты Shift для пользователей Coinbase станут недействительны. О завершении программы по обслуживанию дебетовых карт для клиентов криптовалютной компании Coinbase заявили представители Shift Payments, пишет The Block.

2019-2-18 13:51


Фото:

Living on Bitcoin for a Week in San Francisco

When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary.

2019-2-5 23:06


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Coinbase Gift Card: An Irrelevant Crypto Distraction

A Coinbase gift card is the next weapon in the exchange’s arsenal, as it announced today that it is partnering with the UK online platform, WeGift. According to a Bloomberg report, Coinbase will integrate its wallet with WeGift, enabling users to purchase over 120 different gift cards, including brands like ASOS, Nike, Google Play, Tesco, and […] The post Coinbase Gift Card: An Irrelevant Crypto Distraction appeared first on .

2018-7-26 01:42


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Coinbase Announces New ‘e-gift Card’ Allowing Users to Spend Cryptos With Nike, Tesco, Uber, and More

Good news for Coinbase users as the trading platform launches a new use for cryptocurrency balances on the exchange. Talking on the platform’s Medium page earlier today, Zeeshan Feroz, the exchange’s UK CEO, wrote that customers of Coinbase in selected regions will now be able to spend their cryptocurrency balances on e-gift cards.

2018-7-25 16:04