That is, until now.
Coinbase recently announced that customers will have access to spending five new cryptocurrency assets, which now include Ripple, the Basic Attention Token, Stellar, 0x, and Augur. These new choices come with the existing options, which consisted of major cryptos such as Litecoin, Ether, Bitcoin, and Bitcoin Cash.
In addition to the new cryptocurrency support, customers in Europe received an exciting upgrade as well, with the availability of the card being expanded to 10 new countries, which includes Iceland, Norway, Poland, Romania, Denmark, Sweden, Croatia, Bulgaria, Liechtenstein, and Hungary.
This debit card product, which only just launched in April of this year for those in Europe and in the U.K., gives customers the ability to spend cryptocurrency from their Coinbase accounts, which instantly converts your digital assets into cash when you use your card. Now that these new options have been added, Coinbase users can spend these crypto products without having to exchange them for another type of cryptocurrency.
Along with these new cryptocurrencies and countries, the debit card can be used wherever Visa is accepted, boasts a low charge of 1 percent domestically and 2 percent internationally for ATM transactions of more than €200, and can be used via a Coinbase app on mobile devices.
The CEO of Coinbase U.K., Zeeshan Feroz, made the following statement regarding the recent changes:
“By more than doubling the number of assets our customers can spend on Coinbase Card, as well as introducing the card to 10 new countries, Coinbase continues to help drive crypto’s role as a utility, and not just an investment.”
Following on the tail some of Coinbase’s exciting developments, such as their Coinbase Earn program and their decision to allow U.S. citizens to earn interest on USDC holdings, we can expect Coinbase to further build on their services to encourage mainstream adoption and make it a more enjoyable experience for their customers.