Coinbase Launches Debit Card in US, Users to Earn Bitcoin Rewards

Key Takeaways

  • Coinbase will issue debit cards with crypto payments functionality to US customers this winter.
  • The card won’t require a bank account; crypto will be converted to USD on every operation.
  • Users will get up to a 4% reward in XLM and up to 1% reward in BTC.

Share this article

Crypto payments are gaining momentum, as giants like PayPal and JP Morgan show more interest in the sector. Coinbase, being an established player, is now officially joining the race. 

Coinbase Debit Cards Come to America

As the company recently announced, it plans to launch its Visa-powered debit card, which will feature crypto payments, ATM cash withdrawals, and up to 4% rewards on certain tokens. The card is already available in almost 30 countries, including the UK.

The card will be available for all US residents, excluding Hawaii, with verified accounts. MetaBank will issue the cards.

Coinbase Card doesn’t require users to connect to a bank account. Instead, users can spend directly from their Coinbase accounts. On each transaction, crypto will be converted to USD.

Active spenders can earn up to 4% of their expenses back in Stellar Lumens (XLM) or up to 1% in Bitcoin (BTC).

At the time of writing, the waitlist for Coinbase Card is now open, with the company approving the first batch of customers this winter.

Bringing crypto to retail trade is one of the cornerstones of fostering its adoption. Total retail sales in the US alone are projected to reach almost $6 trillion. Capturing even a fraction of this market can multiply the entire crypto industry by magnitudes.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article