Coinbase Launches Coinbase Card Debit Card In USA

Coinbase cryptocurrency exchange announced the release of Coinbase Card debit card in the USA. Users will be able to pay for goods with cryptocurrencies and receive cashback in XLM or BTC.

The leadership of the exchange explained, that Coinbase Card holders will be able to pay digital assets in ordinary and online stores, and also withdraw cash using ATMs. Payment will occur directly from the client account on the exchange, Without moving funds to the user bank account.

American clients will also have the opportunity to pay for goods in stablecoins, Including USDC. Before making a transaction or withdrawal of funds, digital assets will automatically convert to US dollars. Besides, Clients will be able to receive cashback from purchases in the amount 1% в btc и 4% in XLM.

For the release of payment cards, the commission is not provided for, However, it can be charged when converting cryptocurrencies. Note, that Coinbase Card is produced by the Metabank banking organization and operates with the support of the California payment company Marqeta.

American users can start applying for a card, to get into the "List of expectations" and become its owners this winter. After the approval of the application, the client will immediately receive a virtual card, and two weeks later - a physical map, which will be sent by mail.

At the end 2019 year Coinbase Card appeared in ten European countries. Today it is used almost in 30 countries, However, Cashback will be available only to US citizens. The leadership of the exchange considers, that the expansion of "coverage" will contribute to the spread of cryptocurrencies and their use in real life.

In July, the Binance cryptocurrency exchange also launched the Binance Card debit card in the European economic zone (Both), And last year, the Japanese conglomerate SoftBank introduced a debit card with a built -in cryptocurrency wallet for hot and cold storage of crypto assets.