Coinbase has expanded its Visa debit card service to six European countries, allowing customers in the region to spend their digital assets. Coinbase expands its Visa debit card service to six European countries.
Coinbase Card is now available for users in Spain, Germany, France, Italy, Ireland, and the Netherlands, as per a report from CNBC.
Customers will be able to spend their digital assets including bitcoin, ethereum, and litecoin in both online and physical stores that accept Visa, with the card.
Coinbase’s cryptocurrency Visa debit card was first rolled out exclusively for users based in the U.K. in April. Coinbase expands its Visa debit card service to six European countries.
CEO of Coinbase U.K., Zeeshan Feroz, said that the company had “blew past” the initial 1,000 cards issued to customers for free. But he did not disclose how many users the firm had signed up since April.
Coinbase Cards are linked to a mobile app available on both Android and iOS devices, in which customers can choose which type of digital asset they would like to use to fund each spending.
Customers are not directly paying merchants with crypto assets. Instead, Coinbase charges a fee to help convert users’ cryptocurrencies into a fiat currency, i.e. euro in the new offering.
The firm collaborates with PaySafe to issue the cards.