Home / Bitcoin (BTC) / Coinbase Launches A Crypto Debit Card With 1% Reward on Bitcoin Spendings

Coinbase Launches A Crypto Debit Card With 1% Reward on Bitcoin Spendings

Summary:
The largest US-based cryptocurrency exchange Coinbase announced today the launch of a Visa debit card, allowing customers to spend digital assets for everyday purchases. According to the official statement, the Coinbase Card will provide clients the opportunity to earn up to 4% back in cryptocurrency rewards. It will be available in nearly 30 countries, including the US, the UK, and across Europe. It will be connected to customers’ Coinbase accounts, and they can spend the funds without having to move funds to their bank accounts.  The designated cryptocurrency asset spent by users will be automatically converted to US dollars prior to completing the purchase or the ATM withdrawal.  The rewards will be available for US-based customers only initially and will depend on the

Topics:
Jordan Lyanchev considers the following as important: , , , , , , , , ,

This could be interesting, too:

Anthonia Isichei writes PlusToken Crypto Scammers Slammed With 11-Year Jail Sentence

Anthonia Isichei writes U.S. DoJ Extradites Key Member of Crypto Ponzi Scheme From Panama

Jordan Lyanchev writes Coinbase Faciliated MicroStrategy’s 5M Bitcoin Purchase Without Moving The Market

Jordan Lyanchev writes The Changes Continue: Facebook’s Libra Has Been Rebranded To Diem

  • The largest US-based cryptocurrency exchange Coinbase announced today the launch of a Visa debit card, allowing customers to spend digital assets for everyday purchases.
  • According to the official statement, the Coinbase Card will provide clients the opportunity to earn up to 4% back in cryptocurrency rewards.
  • It will be available in nearly 30 countries, including the US, the UK, and across Europe. It will be connected to customers’ Coinbase accounts, and they can spend the funds without having to move funds to their bank accounts. 
  • The designated cryptocurrency asset spent by users will be automatically converted to US dollars prior to completing the purchase or the ATM withdrawal. 
  • The rewards will be available for US-based customers only initially and will depend on the cryptocurrency used. For instance, customers can get 1% back if they spend bitcoins and 4% back if they choose Stellar Lumens (XLM). 
  • The Coinbase app will serve as a fund manager. All spendings, reward details, and preferences will be manageable through the app. 
  • US customers can start applying to receive the card through the exchange’s app or the website. The first approved clients will be announced “this winter,” and they can start spending with a virtual card. The physical one will be delivered within two weeks. 

Leave a Reply

Your email address will not be published. Required fields are marked *