As a pledge to ensure quickly transaction with digital currencies, leading US cryptocurrency exchange and wallet provider Coinbase, announced Wednesday that it is launching its Visa debit card (Coinbase Card) in six more European countries after an April debut in the U.K.
Customers in Germany, Spain, France, the Netherlands, Italy, and Ireland with a verified coinbase account now have full access to make transaction seamlessly using the “Coinbase Card” and will be able to spend cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) at online or offline stores that accept Visa payments.
The expansion of Coinbase card is purported to make payments involving digital currencies hassle free, just like the case of cash payments, the CEO Coinbase U.K., Zeeshan Feroz said adding that users “can buy groceries on bitcoin and then coffee on litecoin right after.”
Coinbase hopes to expand its card into other markets, as Feroz noted that they are looking at all their key markets as well as the right banking partners.
Coinbase card, since its launch in mid-April, has noted an “extremely strong take-up.” Despite no specific figure was disclosed, the company “blew past” the first 1,000 cards issued free for users, Feroz said.
The cards come as a physical contactless card that can be used for cash withdrawal from ATMs. They also feature a mobile app that syncs directly with Coinbase accounts. With the mobile app, users have a more comprehensive option of cryptocurrency. However, users are likely to pay a certain amount for this service, as Coinbase charges fee to convert fiat currency, such as Euro, into a digital currency.
In a bid to develop an open-source financial system worldwide, Coinbase announced in April that it is extending the crypto-to-crypto trading services to 11 countries in Southeast Asia and Latin America.
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