Coinbase rolls out cryptocurrency Visa debit card in the UK

Thursday 11 April 2019 10:30 CET | News

Coinbase has rolled out a new Visa debit card in the UK, allowing customers to make cash withdrawals and purchases directly from their accounts.

The US-based company, valued at more than USD 8 billion in October 2018, is one of the major trading venues for cryptocurrencies, including bitcoin.

The company has partnered with Apto Payments, previously Shift Payments, which previously ran its own Shift Card, allowing users to spend cryptocurrencies from their Coinbase accounts in the US. In February 2019, Apto has announced the retirement of the programme. Coinbase has now partnered with Apto to provide support services as well as technology for its new card.

The new card will allow users to spend fiat currency and have a corresponding amount of cryptocurrency debited directly from their accounts. An accompanying mobile phone app will allow customers to choose which cryptocurrency they wish to debit.

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Keywords: Coinbase, launch, cryptocurrency, Visa, debit card, The UK, cards
Countries: World

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