Coinbase launches a Bitcoin debit card in Europe

Cryptocurrency most popular grants Coinbase announced today the launch of a debit card in Britain where users can pay with bitcoin, ethereum and litecoin.

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The card will automatically convert the coins to pounds and withdraw them from an ATM. A Coinbase application will be offered where users can choose which digital currency they want to use.

It is the first card of its kind and the good news is that it will be offered in other European countries as well.

The news comes at a time when the value of bitcoin has begun to recover by crossing the $5,000 limit for the first time since November.

Experts say the increase in value may attract new investors. A similar card has been launched in the US by Shift Payments but has already been closed.

In Britain any transaction with the new card will cost 2.49% of the value. In the rest of Europe 2.69% and in other countries 5.49%.

Most VISA cards do not charge users in domestic markets for completed transactions.

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neOadviser – TECH

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