If a Coinbase user pays with the card, and the selected cryptocurrency (e.g. Bitcoin, Litecoin, Ether) is converted into fiat money. Of course, it comes with fees. For example, there are transaction fees for different uses – such as withdraw costs on ATMs, payments abroad or for deposits (chargeback).
The exchange also launched an app for both Android and iOS, so that users can choose which cryptocurrency wallet they will use to fund their spending. Like other competitors’ apps, it also offers “instant” receipts, transaction summaries and spending categories.
Users can pay with cryptocurrencies in stores, online and offline, among other things.