Coinbase is rolling out its swankly debit card in more countries across Europe. | Source: Coinbase
By CCN Markets: Coinbase is expanding its crypto debit card into six more European countries on Wednesday. After launching in the UK in April, the company saw “extremely strong take-up” for the card, and “blew past” the initial target of 1,000 cards.
The Coinbase Card will now roll out in Germany, Spain, France, Italy, Netherlands, and the Republic of Ireland. On its blog, Coinbase explained:
“Coinbase Card lets anyone with a Coinbase account in a supported country spend their crypto instantly worldwide. Since launching in the UK, Coinbase Card users have been spending their crypto as easily as the money in their bank accounts.”
Spain, Germany, France, Italy, Ireland, Netherlands — spend your crypto anywhere, anytime. Coinbase Card is now available in 6 new countries. Follow @CoinbaseCard for updates and news. https://t.co/euKSlLpHAp pic.twitter.com/Gcymune503
— Coinbase (@coinbase) June 12, 2019
Spend bitcoin with Coinbase Card
The Coinbase Card gives users a way to spend cryptocurrencies like bitcoin, etheruem, and litecoin online and at brick-and-mortar retailers. It’s powered by Visa, so the card is accepted almost everywhere in the UK and participating EU countries.
Users link the card directly to their Coinbase wallet and payment is made directly from the account. That differentiates it from other crypto cards which typically require users to pre-load the card with bitcoin.
It’s the first small step towards consumer adoption of bitcoin payments. However, the card doesn’t pay the retailer with crypto directly. Instead it converts bitcoin to either sterling or euros to make the payment.