Coinbase Card Expands to Six European Countries
Popular cryptocurrency exchange Coinbase has expanded its Visa debit card access to six European countries.
Coinbase Card is now available to clients in Germany, Spain, the Netherlands, Italy, France and Ireland, according to a June 11, 2019, announcement. Coinbase users within these countries can now spend their crypto assets online and in physical stores where debit cards are accepted.
The card links customer crypto balances on Coinbase with their cards. Every time a client makes a purchase, it converts their cryptocurrency into fiat to complete the transaction.
The debit card comes with an app for choosing the crypto wallet funding the debit card. The card was first launched for U.K. users in April 2019. In an interview with CNBC, Coinbase U.K.’s CEO said that the company “blew past” the 1,000 units it offered users for free.