XRP is not the only asset that was added on the Coinbase Card as it was also joined by Basic Attention Token [BAT], REP, Stellar Lumens [XLM] and ZRX. With the attest addition, the service has also spread to new regions such as Sweden, Romania, Poland, Norway, Hungary, Iceland, Liechtenstein, Denmark, and Croatia. The Coinbase Card works as a contactless Visa debit card that is aimed to make purchases and orders simple for cryptocurrency holders. The official release from Coinbase read:
“We’ve also more than doubled the number of assets available to spend — going from 4 to 9. XRP, BAT, REP, ZRX, and XLM wallets can now be used to buy anything from coffee to Christmas shopping. These five new assets join BTC, ETH, BCH, and LTC.”
The company has worked with the motto to spend crypto as quickly as money in the bank account. Users will also be provided extra information about their accounts, such as expenditure summaries and integrating monthly statements feature.
Customers will be required to use either an iOS app or an Android application to sign up and securely use their Coinbase account. This is the account that will be directly linked to the Coinbase Card. JD Milwood, the Head of Marketing at Coinbase UK added:
“Since launching earlier this year, Coinbase Card has helped tens of thousands of users spend their crypto as easily as the money in their bank accounts. With Christmas approaching, the demand for Coinbase Card will be will higher than ever.”
Coinbase has claimed that the card does not possess a monthly or fixed fee with the option of free ATM withdrawals for a specific limit. The Coinbase Card was first launched for UK and EU customers back in April of this year. Coinbase stated that it would instantly convert cryptocurrency to fiat when a user completes a transaction using the Coinbase card.
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.