And this makes it the first company specialized exclusively in cryptocurrencies to have this approval from Visa, he said Coindesk.
¿Coinbase? It is a cryptocurrency trading platform based in San Francisco that provides the exchange service between cryptocurrencies and different fiat currencies, founded in 2012 by Brian Armstrong and Fred Ehrsam. By 2014, it already had one million users.
Since 2019, Coinbase has worked with Visa in the United Kingdom making it possible for anyone with cryptocurrencies to spend them anywhere that accepts a visa card. Over time, the coinbase card has been made available in 29 markets with ten compatible cryptocurrencies.
The membership that Coinbase has obtained allows you to issue debit cards without the intermediation of third parties. Previously, they needed the intervention of PaySafe, because they were the ones who issued the card that was then managed through the Coinbase card application linked to a crypto user account, however, all this has changed. This new coinbase card can only be issued to customers residing in the European Union, however, its use can be worldwide (clearly, anywhere that accepts a visa), he said. Cointelegraph.
Where do you have more reception? United Kingdom, Italy, Spain and France.
The predecessor? The crypto shift card. This allowed to extract funds from user exchange balances.