Altcoin News: Coinbase Launches a Crypto Debit Card in Six More European Countries

June 12, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The American crypto exchange Coinbase on Wednesday announced that it will come with its debit card to the markets of six more European countries, after it presented the debit card to residents of the UK in April, writes CNBC.

The Visa card in the system allows you to spend cryptocurrency from the wallets of Coinbase in retail outlets and withdraw cash from ATMs. Now the service will also be available to residents of Spain, Germany, France, Italy, Ireland, and the Netherlands.

According to the Coinbase CEO Zeeshan Feroz, the card attracted extremely high user interest during the launch phase. He did not clarify the details, confirming only that the number of cards ordered exceeded 1,000, initially offered for free.

To select a cryptocurrency that the user wants to spend using the Coinbase card, the user needs to indicate his preferences in a specialized application. For the conversion of cryptocurrency in Fiat, the company charges a fee.

Feroz explained that Coinbase is interested in entering new markets with its card, but for this, it needs reliable bank partners in certain jurisdictions.

Author: Marko Vidrih