Coinbase launches its Visa debit card in the US

Customers can earn up to 4% back in crypto rewards

Coinbase

Coinbase launches its Visa debit card in the US. Source: shutterstock.com

Coinbase has announced that its customers in the US can join the waitlist for Coinbase Visa-issued debit card. The card allows crypto to be used for payments and purchases online and in-store as well as for ATM cash withdrawals.

According to the report, cardholders can spend directly from their Coinbase accounts without having to move funds to their bank accounts.

Besides, they can opt to spend stablecoins like USD Coin or other specific cryptocurrencies with the touch of a button.

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The first customers will be approved this winter. Once customers are approved, they can spend with a virtual card right away and will receive a physical card in the mail within two weeks.

We’ve reported that PayPal will allow US customers to buy, sell, and hold Bitcoin and other crypto coins using its online wallets.

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