Coinbase Card Launched via Visa with Crypto Cashback for US Users

AnalysisCoinbase Card Launched via Visa with Crypto Cashback for...



Yuri Molchan

Coinbase giant has launched a crypto debit card for payments with cashback for US users

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.

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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.



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