{"id":101441,"date":"2019-04-11T09:17:43","date_gmt":"2019-04-11T16:17:43","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=101441"},"modified":"2020-03-24T06:55:21","modified_gmt":"2020-03-24T06:55:21","slug":"coinbase-card-will-allow-uk-in-store-payments-using-bitcoin-ethereum-and-litecoin","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/coinbase-card-will-allow-uk-in-store-payments-using-bitcoin-ethereum-and-litecoin\/","title":{"rendered":"Coinbase Card will allow UK in-store payments using Bitcoin, Ethereum and Litecoin"},"content":{"rendered":"

Coinbase, a US-based cryptocurrency exchange and one of the largest in the world, announced the launch of\u00a0Coinbase Card<\/a>. The Visa debit card will enable Coinbase's customers in the UK to “spend crypto as effortlessly as the money in their bank.”<\/p>\n

Visa and Coinbase Bring Cryptocurrency Payments to the Masses<\/span><\/h2>\n

Digital coins being used as a means of payment has long been the dream of the entire crypto community. With many skeptics challenging the day-to-day operability of various coins, some have even given up on the idea of spending and using cryptocurrencies in the real world.<\/span><\/p>\n

\"\"However, <\/span>Coinbase<\/span><\/a>, a major US-based cryptocurrency exchange, challenged this and launched its eponymous Coinbase Card. The exchange teamed up with global payments processor Visa to launch the card which will\u00a0allow users to “spend crypto as effortlessly as the money in their bank.”<\/span><\/p>\n

Coinbase <\/span>announced<\/span><\/a> the news in a Medium post on Apr. 10, saying that the card will only be available to customers in the UK. <\/span><\/p>\n

Coinbase's Cryptocurrency Debit Card Brings Instant Crypto to Fiat Conversion<\/span><\/h2>\n

According to the company's release, the Coinbase Card is powered by cryptocurrency balances in customers' Coinbase<\/a> accounts<\/span>. The exchange's customers will have the ability to pay in-store and online using <\/span>Bitcoin<\/span><\/a> (BTC), <\/span>Ethereum<\/span><\/a> (ETH), <\/span>Litecoin<\/span><\/a> (LTC), and other coins. <\/span><\/p>\n

\"Coinbase<\/a>
Related:\u00a0Coinbase CEO shares select growth metrics, suggests whole crypto industry is growing<\/a><\/figcaption><\/figure>\n

The card can be used to make payments through contactless, chip and PIN, and\u00a0offers the ability to withdraw cash\u00a0directly from ATMs.\u00a0<\/span>The company says the card can be used with any merchant on the Visa network as coins will instantly be converted into fiat currency such as GBP.<\/span><\/p>\n

Users will be able to control which of their <\/span>crypto wallets<\/span> to use via the <\/span>Coinbase Card app<\/span>, which will be made available on both iOS and Android. The app will reportedly offer instant receipts, transaction summaries, spending categories, and more.<\/span><\/p>\n

The Coinbase Card will be issued by Paysafe Financial Services Limited, the company <\/span>said<\/span><\/a>, which is an electronic money and payment instruments issuer authorized by the Financial Conduct Authority in the UK. <\/span><\/p>\n

While the debit card will have a \u00a34.95 to $6.50 issuance fee, Coinbase will waive the charge for the first 1,000 to join the watchlist<\/a>. The news about the card was met with mixed reviews, as some users were worried about the possibility of high fees that would make the card virtually useless. It's still unknown whether the card will be a hit in the crypto community.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase, a US-based cryptocurrency exchange and one of the largest in the world, announced the launch of\u00a0Coinbase Card. The Visa debit card will enable Coinbase’s customers in the UK to “spend crypto as effortlessly as the money in their bank.” Visa and Coinbase Bring Cryptocurrency Payments to the Masses Digital coins being used as a […]<\/p>\n","protected":false},"author":106,"featured_media":101444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,60208],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nCoinbase Card will allow UK in-store payments using Bitcoin, Ethereum and Litecoin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/coinbase-card-will-allow-uk-in-store-payments-using-bitcoin-ethereum-and-litecoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase Card will allow UK in-store payments using Bitcoin, Ethereum and Litecoin\" \/>\n<meta property=\"og:description\" content=\"Coinbase, a US-based cryptocurrency exchange and one of the largest in the world, announced the launch of\u00a0Coinbase Card. 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