Coinbase Adds XRP, XLM and Five other Cryptocurrencies to its Debit Card
Now, the tool supports almost nine cryptocurrencies in 29 countries in Europe, where users are able to make purchases using their cryptocurrencies or fiat money if they need to convert it.
The adoption of cryptocurrencies grows more and more. Different wallets and platforms have been adding support to more cryptocurrencies to benefit the users of these digital assets.
One recent case is Coinbase, which has added five new coins to its crypto debit card. This happens since this crypto exchange and others have created crypto-debit cards to allow users to make payments directly with cryptoactives, lieu of changing them for fiat currencies. The Binance’s crypto-debit card was launched last April 10th. It “debuted” in the United Kingdom.
In this sense, the cryptocurrencies that Coinbase recently added are XRP, Stellar (XLM), Basic Attention Token (BAT), 0X (ZRX), and Augur (REP). The digital currencies that previously were available are Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
In more Countries
This expansion of support for five more cryptocurrencies occurred in ten new jurisdictions, according to what the firm announced in two tweets on its official account. Now, Coinbase supports a total of nine cryptocurrencies in almost 29 countries in Europe.
“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 Chief of Marketing at Coinbase UK, JD Millwood, said.
According to the new announcement, Coinbase Card is now available in Croatia, Denmark, Bulgaria, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania and Sweden.
Besides, this crypto card can be used everywhere in the European Union (EU), except for Malta and the Czech Republic.
This tool allows Coinbase users to make purchases using digital currencies stored in their Coinbase accounts. Also, there is another possibility, users could convert their crypto funds into fiat money if they need to do it.
During this 2019, cryptocurrency debit card offerings have seen significant growth. In fact, last June, the Litecoin Foundation announced its plans to launch a physical crypto debit card in partnership with Bibox Exchange and blockchain firm Ternio. It would be known as “LTC debit card” or like the “BlockCard”.
That month, Crypterium, the crypto payment firm led by former Visa exec Steven Parker, claimed that it shipped nearly 4,000 crypto debit cards in the week following the launch of its card.
GRID X is the crypto card of BitTorrent. It allows storing and spending TRX and BTT tokens.
Currently, crypto cards holders can transfer funds onto their cards and make payments and purchases at restaurants, cinemas and other kinds of places.
This is something that makes it much easier for many people to get involved with cryptocurrencies. Brazil, Colombia, Argentina, South Africa, México and Chile are some of the countries that use cryptocurrencies the most in Latin America; as a result, they would have more and new users interested in crypto debit cards.
By María Rodríguez