Crypto exchange Coinbase rolls out its debit card across Europe
Card allows users with Coinbase accounts to spend cryptocurrencies in stores and online where Visa is accepted
Digital currency exchange Coinbase has told CNBC its Visa debit card is now available in six more European countries after debuting in the U.K. in April.
As of Wednesday, the Coinbase Card is available in Spain, Germany, France, Italy, Ireland and the Netherlands.
The card allows users with Coinbase accounts to spend cryptocurrencies like bitcoin, ethereum and litecoin in stores and online at any merchant that accepts Visa.
Coinbase U.K. CEO Zeeshan Feroz told CNBC in an interview the goal of the card is to make payments with digital currencies as seamless as paying with cash. “You can buy groceries on bitcoin and then coffee on litecoin right after,” he told the network.
The card is available as a mobile app that syncs directly with Coinbase accounts. It also comes as a physical contactless card that can be used to withdraw cash from ATMs.
Users can decide which cryptocurrency they would like to use to make a payment in the mobile app. Rather than paying retailers directly with cryptocurrency, Coinbase charges users a fee to convert their digital currency into fiat money.