Coinbase Card, the cryptocurrency exchange’s visa debit card, is supporting 5 new crypto assets including XRP and also, expanding its services in 10 more countries, according to two separate tweets posted by Twitter handle of Coinbase Card on November 14.
According of first tweet, the company said that user could now spend XRP, Stellar (XLM), Basic Attention Token (BAT), 0x (ZRX) and Augur (REP) using their Coinbase Card. The tweet reads:
“Paying with crypto just got even easier: Coinbase Card customers can now spend using their BAT, XLM, XRP, ZRX and REP wallets.”
In second tweet, the Coinbase Card announces that its services are now available in 10 more countries which include Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania, and Sweden.
This addition of 5 new coins brings the number of supported crypto coins to nine, with was originally four: BTC, ETH, BCH and LTC. With 10 new countries, the number of supported countries has now raised to 29 and it is now available in all European countries with the exception of Czech Republic and Malta.
Coinbase Card was first launched in England in the month of April of this year. This visa debit card allow customers to spend crypto balance directly form their Coinbase account balance. It enables users to withdraw cash from ATM which are free up to a certain limit. A supporting app is also available on iOS and Android which allows users to choose their spending wallet and has features like spending summaries, receipts, and instant notifications.
In order to complete the purchase, Coinbase converts customers’ crypto funds into fiat money for a fee.
JD Millwood, Head of Marketing at Coinbase UK, in a statement, said:
“Since launching earlier this year, Coinbase Card has helped tens of thousands of users spend their crypto as easily as the money in their bank accounts. With Christmas approaching, the demand for Coinbase Card will be will higher than ever.”
The Biggest names in crypto world are launching crypto debit cards such as the Litecoin Foundation, who announced on June 18, 2019, that it has collaborated with Bibox Exchange and Ternio to release a special edition Litecoin BlockCard.
An Australian startup known as BTC.com.au also offers a crypto debit card to its customer supporting six crypto assets that include Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, and OmiseGo.