The largest U.S.-based crypto exchange, Coinbase, spreads the word about launching a crypto debit card in collaboration with Visa that can only be used by U.S. citizens (all but those from Hawaii).
The news was shared by Chinese crypto journalist and blogger Colin Wu. He also tweeted that users will get cashback in crypto of up to 4% on the amount of coins they spend.
The card allows for making payments in multiple locations (millions of them) in the world plus withdrawing cash from one’s crypto wallets via ATMs.
Coinbase has announced the launch of the Visa card “Coinbase Card” for US users (except Hawaii). The card returns a certain amount of consumption in the form of cryptocurrency after each consumption, up to 4%. https://t.co/YbRbvANECg
Users need to download the Coinbase app in order to use the card, receive crypto cashback and keep track of their remaining crypto balance.
In December 2019, Coinbase launched a debit card in Europe and the U.K. and announced the release of the card for the U.S. in early 2021, promising crypto rewards for using it in Bitcoin and XLM.
Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
Currently Yuri is a news writer at U.Today and can be contacted at email@example.com.
Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.