Copy link
Increase text size
Decrease text size
Link copied

Coinbase expands cryptocurrency debit card to six European countries

Image Via Coinbase

Wed, 12 Jun 2019, 09:32 am UTC

Cryptocurrency exchange Coinbase has announced that it is expanding its Visa debit card service to six new countries across Europe.

Coinbase launched Coinbase Card in April, initially allowing UK-based customers to easily spend their cryptocurrency funds.

In an online post dated June 12, Coinbase UK CEO Zeeshan Feroz said that Coinbase Card is now available to the customers in Spain, Germany, France, Italy, Ireland, and the Netherlands.

“Coinbase Card lets anyone with a Coinbase account in a supported country spend their crypto instantly worldwide,” Feroz said. “Since launching in the UK, Coinbase Card users have been spending their crypto as easily as the money in their bank accounts. From grocery shopping, to cocktails and dinner dates, Coinbase Card has become the go-to card in our customers’ wallets.”

Speaking to CNBC, Feroz said that the objective of the card is to make payments with cryptocurrencies as seamless as paying with cash. He said that the company “blew past” the initial 1,000 cards offered to users for free.

Coinbase Card comes in the form of a mobile app, which syncs directly with Coinbase accounts, as well as a physical contactless card which can be used to withdraw cash from ATMs.

Feroz also revealed plans to expand the card to other jurisdictions including the United States, adding that it needs to find the right banking partners.

“In the coming months, we’ll be introducing brand new features, as well as bringing the card to even more customers around the globe,” he said.

In the past couple of months, a number of top executives have announced their departure from Coinbase. This includes Chief technology officer Balaji Srinivasan; Dan Romero, vice president of Coinbase’s international business; Christine Sandler, director of institutional sales; Adam White, ex-vice president and general manager, and more recently Asiff Hirji, president and chief operating officer.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,564.06 (+0.62%)
  • Ethereum (ETH) $238.11 (+1.36%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $243.58 (-0.40%)
  • Bitcoin SV (BSV) $194.72 (-0.68%)
  • Bitcoin (BTC) $9,564.06 (+0.62%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.