In a move that has the potential to facilitate mainstream crypto adoption, leading digital exchange and fiat-to-crypto platform Coinbase announced on Feb 19, that it has become a Visa principal member. It should be the noted that Coinbase is the first company in the crypto-arena to be granted the membership with Visa – the world’s premier payment processing service.
Today’s announcement is another milestone in the mainstream adoption of crypto as a genuine utility. We will continue to build on this relationship with further initiatives which will make interacting with crypto as seamless as possible for our customers. https://t.co/2GI9mWU6in— Coinbase (@coinbase) February 19, 2020
This will allow Coinbase to improve customer experience and make it easier for “Coinbase card” users to spend cryptocurrencies in everyday situations. Coinbase press release also declared it as one step forward “in the mainstream adoption of crypto as a genuine utility”. A principal member of Visa, can directly issue debit cards. Prior to this, PaySafe used to issue these cards on Coinbase’s behalf.
Coinbase card is a debit card issued by the company, which converts cryptocurrency to fiat currency when customers make a transaction. The international card can be used anywhere that accepts Visa.
Visa is a worldwide payment processing technology and service network, operating in more than 200 countries and territories globally. It powers credit, debit and prepaid cards among other payment solutions.
Coinbase is a leading cryptocurrency exchange and fiat on ramp platform. The highly reputed service has an easy to use interface, features an internal wallet and allows users to buy crypto assets using their debit/credit card and bank account. It also allows them to convert their crypto-assets back to FIAT and withdrawal to bank or PayPal account.
Trading Bitcoin is too complicated?
We highly recommend our Crypto-Starter-Kit to you!
Follow us on Social Media and subscribe to our free crypto newsletter!
Diskutiere mit uns!
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
More from Blockchain Companies
Aavegotchi is an Ethereum based NFT/DeFi intersection project, which allows users to farm rare collectibles by staking GHST tokens. The …
Every so often, we witness the launch of a new cryptocurrency that comes with its hype soldiers. In 2019, a …