• The two giants in their own respective fields, VISA and Coinbase will be partnering up to introduce a cryptocurrency card.
  • It is detailed that the card will allow for purchases in BTC, ETH, XRP and LTC.

A new partnership has been announced between VISA and Coinbase, as they seek an effective way bypass the adoption requirement for retailers entirely. It will facilitate their customers to make purchases in cryptocurrency, this would instantly be converted to fiat through a backend system.

A report from Computer World suggests that the Coinbase card, is going to be linked to the holder’s cryptocurrency wallet with the exchange. It will allow for purchases in; Bitcoin, Ethereum, XRP, and Litecoin. Separately, VISA detailed that this would allow card holders to “spend crypto as effortlessly as the money in their bank.” Furthermore, the card will also accommodate for ATM withdrawals.

Coinbase UK CEO Zeeshan Feroze commented on the back of the announcement:

Customers can use their card in millions of locations around the world, making payments through contactless chip and PIN. When customers use their Coinbase Card, we instantly convert crypto to fiat currency.

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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