Coinbase launched its Coinbase card in April of this year. Reportedly, Coinbase is now adding Spain, France, Ireland, Italy, Germany and the Netherlands to the list of countries where it is available.
The Coinbase card allows users from the United Kingdom to use crypto coins for purchases as easily as regular fiat money. Customers can make payments both online and in-store using crypto coins available on Coinbase. For the transfer crypto coins immediately turn into fiat money.
The Chief Executive Officer of Coinbase, Zeeshan Feroz, said in a CNBC interview that Coinbase is looking forward to making their credit card as mainstream as fiat and is aiming to extend the scale of its availability.
“We will examine all possible markets particularly with regard to the United States,” Feroz stated mentioning that for this to come true they’d need good partners.
Moreover, Coinbase released an application for the debit card that allows customers to oversee their personal crypto-asset wallets and choose the right currencies to use for buying. This application also instantly shows receipts and other transaction details.
Coinbase is a crypto coin exchange that was founded in 2012 in San Francisco, California. The exchange serves in 32 countries and allows Bitcoin transactions or storage in 190 countries around the globe.