Review on Coinbase Card by jesus ruiz
CoinbaseCard, a quick and easy way to use your cryptocurrencies.
With the rapid growth of the cryptocurrency world, the next step in this evolutionary chain was the CryptoCard, so CoinbaseCard was born in partnership with the credit card giant VISA.
In April 2019, this card was introduced mainly for the United Kingdom, and in July it expanded throughout most of the European Union. This associated with BTC, ETH and DAI (among others), can also be converted to dollars (USD), pounds (GBP) and euros (EUR).
CoinbaseCard is a VISA card, so it can be used at almost any point of sale and ATM around the world. Although this includes certain usage fees, especially for transactions. Also, the card has its own app for iOS and Android that offers receipts, history and payment categories.
In my opinion, offering facilities to make payments in cryptocurrencies is essential to promote their trade and exchange and thus boost the economy.
On the other hand, the expansion of cryptocurrency trading using such innovative payment methods as the one offered by CoinbaseCard, would be of great help in regions where the poor operation of local payment systems and the difficult economic situation that their citizens currently face to make their purchases.
Pros
- Ease of use for regular purchases with debit cards
- Allows cash withdrawals at ATMs in USD, EUROS and EUROS
- Supported by VISA
Cons
- It should be expanded to more regions of the world
