Coinbase Extends Cryptocurrency Visa Debit Cards Across Europe

Cryptocurrency exchange Coinbase has widened its Visa debit card service to six European nations, enabling customers in the area to spend their digital wealth.

Based on a report from CNBC on Wednesday, the Coinbase Card is now available for customers in Spain, Germany, France, Italy, Ireland, and the Netherlands.

With the credit card, customers will be able to spend their cryptocurrency assets which include bitcoin, ethereum, and litecoin in both online and physical stores that accept Visa.

Coinbase initially rolled out a cryptocurrency Visa debit card in April, especially for users based in the U.K. at the time.

Zeeshan Feroz, CEO of Coinbase U.K., did not reveal the number of users the firm had registered since April but said in an interview with CNBC that it had “blew past” the initial 1,000 cards distributed to customers for free.

As previously reported by CoinDesk, Coinbase Cards are linked to a mobile app available on both Android and iOS devices, in which customers can pick which type of cryptocurrency they would like to use to fund each spending.

That said, customers are not directly paying merchants with crypto assets. Rather, Coinbase charges a fee to assist convert users’ cryptocurrencies into a fiat currency, i.e. euro in the new offering.

The firm partners with PaySafe, a U.K. the payment processor, to issue the cards, a Coinbase spokesperson told CoinDesk before.

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