Crypto payment cards in Europe
|Matúš Kopalko|source|2558x
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Crypto payment cards in Europe

Crypto exchange Coinbase expands offering of its debit cards to six european countries, allowing its regional customers spend their digital assets. Spain, Germany, France, Italy, Ireland and the Netherlands are among countries, where so-called Coinbase card is now available. Bitcoin, Ethereum, Litecoin and other cryptocurrencies are now ready to be spent in traditional brick-and-mortar shops or anywhere a payment terminal accepting Visa cards is. What is more attractive, Coinbase card can be used for online payments in your favourite e-shop, through a standard online payment gate.



Coinbase first rolled out its crypto debit cards in April for its U.K based users. Zeeshan Feroz, CEO of Coinbase U.K, didn't disclose the exact amount of cards issued for the users since April, however in an interview by CNBC, the first 1 000 cards issued to customers for free were gone very quickly. Coinbase cards are linked to a mobile app in which users can choose a cryptocurrency they would like to use for payments with the card.

The users don't pay to merchants directly with crypto assets but instead Coinbase charges a small fee to convert user's cryptocurrencies into a fiat currency, which are then sent to a merchant's account. Coinbase issues payment Visa cards in cooperation with payment processor PaySafe.

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