Now, according to a recent report by CNBC, Coinbase is expanding access to the crypto debit card to include Spain, Germany, France, Italy, Ireland and the Netherlands.
The card allows Coinbase users to pay in-store and online using the digital currencies available on the exchange, including Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). When users pay with the Coinbase Card, the crypto is instantly converted to fiat currency for the transaction.
In an interview with CNBC, Coinbase U.K. CEO Zeeshan Feroz said that the company is hoping to make using the Coinbase Card as streamlined as using cash, and has plans to expand access to other markets.
“We will be looking at all of our key markets including the U.S.,” he said, noting that it would require the right banking partners to make it happen.
In addition to the card, Coinbase also recently launched the Coinbase Card app, which enables users to actively monitor their crypto wallets and select the funds to use when making purchases. The app provides instant receipts, transaction summaries and more.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.