Crypto experts have been predicting a bullish 2019 and also a year during which we’ll be witnessing the mainstream adoption of digital assets.
There have been quite a lot of movements in the crypto space so far which are definitely leading the way towards this great goal of the crypto space.
This latest announcement comes to strengthen the idea that mass adoption of digital assets is possible and we’re heading towards the right direction.
Coinbase launches Visa debit card
Coinbase is launching a Visa debit card which will allow users to spend their digital assets including Bitcoin (BTC), XRP, Ethereum (ETH), Litecoin (LTC) and more.
The crypto exchange said that the card would be hitting the UK at first and it will allow its users to pay with crypto.
“Customers can use their card in millions of locations around the world. When customers use their Coinbase Card, we instantly convert crypto to fiat currency, such as GBP, which is used to complete the purchase,” according to the announcement.
They also note that “This is the first debit card to link directly with a major cryptocurrency exchange in the UK and EU, allowing users to spend their crypto balances direct from their Coinbase account.”
Coinbase is also launching a new app
The new app that Coinbase is launching will help users manage their funds. The app is called Coinbase Card, and it enables users to select which of their crypto wallets they want to use in order to fund their Coinbase Card spending.
The Coinbase Card supports all cryptos available for buying and selling on the Coinbase platform.
Coinbase says that people will be able to pay for a meal with BTC or use XRP to fund a train ticket home.
The announcement said that the app also offers instant receipts, transaction summaries, and more important details.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.