Coinbase has unveiled a major expansion for its Coinbase Card debit card, adding five new assets, 10 new countries and monthly statements.
As of today, customers can now use XRP, BAT, REP, ZRX and XLM on Coinbase Card, more than doubling the number of assets available to spend; Coinbase Card already supports BTC, ETH, BCH and LTC.
Coinbase has also rolled out the Coinbase Card to Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania and Sweden—bringing the total number of countries supported to 29.
Christmas shopping with crypto
Users can load up their Coinbase wallets with the 10 cryptocurrencies and spend them directly using the Visa debit card; Joseph-Daniel Millwood, head of growth marketing at Coinbase, said customers can “buy anything from coffee to Christmas shopping” using the card in "millions of locations worldwide."
The firm has also enabled monthly statements for Coinbase Card. “Spending crypto as easily as money in your bank account is exactly what Coinbase Card lets you do,” continued Millwood. “But for us, it doesn’t stop there. Spending summaries, combined with our brand new monthly statements feature, make tracking your crypto spend easy.”
Launched in 2019, Coinbase Card is a Visa debit card that allows people to spend cryptocurrencies as easily as the fiat money held in their bank accounts.
The card, which supports popular cryptocurrencies such as Bitcoin, Ethereum and Litecoin, functions like a conventional debit card once preloaded with crypto, via contactless, pin or by withdrawing cash from an ATM. Customers using the card can access their crypto balance by downloading a smartphone app available on both Android and iOS.