By Coinbase, one of the world’s largest cryptocurrency exchanges has expanded its new Visa debit card service to six new European countries enabling customers in the region to spend their cryptocurrency assets with the ease of a debit card swipe.
As per a report released on Wednesday by CNBC, the Coinbase Card is available to customers in Spain, Germany, France, Italy, Ireland and the Netherlands.
With the crypto debit card, customers are able to spend their cryptocurrency assets with a swipe. The card supports bitcoin (BTC), ethereum (ETH) and Litecoin (LTC) in both online and retail outlets which accept Visa.
Coinbase first launched a crypto Visa card back in April. The card was originally exclusively available to users based in the United Kingdom.
CEO of Coinbase EK, Zeeshan Feroz, did not divulge how many customers the firm has managed to sign up since April but stated in an interview that it had “blew past” the initial free 1,000 cards which were issued to the first customers.
Coinbase Cards are linked to a mobile application which is available for both and iOS devices. With the app, customers are able to select which variation of cryptocurrency they would like to use for each transaction.
Notably, customers are paying merchants directly with crypto funds. Instead, Coinbase charges a small fee in order to convert the user’s cryptocurrency funds into a fiat currency, for example into euros for the new regions mentioned above.
Coinbase has partnered with PaySafe, a payments processor based in the UK, to issue the cards as per a spokesperson of the crypto exchange.
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