Those who own cryptocurrencies would know that it is a cumbersome process to get crypto converted to fiat currency or finding a reliable way of spending it. However, the process could soon turn a lot easier since the digital currency exchange platform Coinbase has announced its crypto debit card in the UK called Coinbase Card. While there are some other similar services that are more established like Wirex and Revolut thatRevolut that, it remains to be seen how the new Coinbase debit card fares. Here’s what you need to know about the new Coinbase Card service.
What is Coinbase Card?
As mentioned above, the Coinbase Card is a debit card that enables direct spend of cryptocurrency. As the new debit card for cryptocurrencies is Visa-powered, it will enable the company’s users to pay for their needs directly utilising their crypto balances. Additionally, it will be valid in both offline and online stores. One will be able to select from the crypto they want to spend like bitcoin, ethereum, litecoin, among others that are supported by the platform.