It is no secret that cryptocurrency is been used more and more around the world as both an investment tool but also for everyday use and this is being facilitated by many merchants around the globe who are starting to accept cryptocurrency as a form of payment for their goods and services and also the many platforms that are facilitating the easy spending of cryptocurrency. One of these is the Visa debit card by Coinbase that allows customers to spend the cryptocurrency out of their Coinbase account as easy as they would fiat currency and this is believed to be one of the next steps in the maturation of cryptocurrency in the global market.
It seems Coinbase intends to expand on its already impressive efforts as it was recently announced of their Visa debit card will be adding five more cryptocurrency options to its roster as well as expanding its availability to 10 more European countries.
New Offerings and New Regions
The five new cryptocurrencies that have been added to the roster for Coinbase’s Visa debit card are XRP, Basic Attention Token (BAT), Augur (REP), 0x (ZRX) and Stellar (XLM) and these are in addition to Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) which are already available.
An expanded list of cryptocurrencies is not the only benefit for customers as the card is now available in more European countries such as Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania, and Sweden.
According to the management of Coinbase, this new effort is to benefit customers and also to expand the use of the card across the globe.
“By more than doubling the number of assets our customers can spend on Coinbase Card, as well as introducing the card to 10 new countries, Coinbase continues to help drive crypto’s role as a utility, and not just an investment,” said Zeeshan Feroz, CEO at Coinbase UK.
This is a rather interesting take as it is well known that there are many who view cryptocurrency as a valid investment and a good means of making a profit but do not have great confidence in it as a store of value. Some of the reasons for this include a constantly fluctuating value of many cryptocurrencies as well as the fact that they are decentralized and this according to some, makes them not a real currency. Thankfully, attitudes towards cryptocurrency use are changing and the expansion of the offerings of the Coinbase Visa debit card shows that there is truly a market and an audience for the use of cryptocurrency for everyday goods and services payment.
Anna Lee is a crypto journalist who has been covering crypto-related news since 2018 and whose work has appeared in the Huffington Post and the Los Angles Free press.