Coinbase Become Principal Members of Visa

As one of the main members of Visa, the Coinbase perform will now be allowed to issue its debit cards without relying on third-parties.

It was announced earlier this week that the membership will be happening between the two companies. This is a continuation of the current relationship that the two companies have with providing a Visa based debit card called Coinbase Card. This gives customers the ability to reside in the European Union or European community where they can spend their digital assets.

Even though the card itself is able to work on an international scale, it cannot be ordered by people who reside outside of the aforementioned regions. The platform reported that the card is seeing the most usage in the United Kingdom. This is swiftly followed by Italy, Spain and then France.

With this new integration with the payments firm, Coinbase is hoping that it will be able to provide further services and support more markets over time. The company is confident that it is the first “pure-play crypto company” to become a principal member.

The current design of the card was launched in 2019 in the United Kingdom however, Coinbase have previously supported the shift crypto card which drew funds from user’s exchange balance. This is a service that was launched five years ago in 2015.

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!