Coinbase is the first cryptocurrency company that has become the main partner of the payments giant. Will cryptocurrency debit cards soon become commonplace?
On February 19, Coinbase announced that it has become a major Visa member. In an apparent first for the cryptocurrency industry, the firm is now able to issue Debit cards without having to involve third parties. Previously, Coinbase had been releasing its physical cards in collaboration with authorized intermediaries, similar to the dozens of other cryptocurrency companies that offer such options to their customers.
While Coinbase did not share its strategies, technically, the new status gives it the ability to issue cards to other crypto companies
In any case, this development marks an important milestone for the cryptocurrency payment sector.