In addition to physical coins and notes, there are also so-called crypto coins today, of which the bitcoin is without a doubt the best known. The British Coinbase, among others, specializes in trading crypto coins. This company has now partnered with none other than Visa to develop a physical payment card for crypto coins, in particular, the Coinbase Card.
Coinbase Card: How does it work?
This crypto-visa card actually works no different than a regular visa card, only the currency varies. For example, Coinbase customers can pay with bitcoin, ethereum and litecoin by entering the card in a payment terminal or ATM. “Coinbase Card supports all available crypto coins on the Coinbase platform, meaning that customers can pay for a meal with bitcoin, or use ethereum to buy their train ticket home,” explains Zeeshan Feroz, head of the UK branch of Coinbase in the blog post. So no special payment terminal is required to make a payment with the Coinbase Card.
At the launch, the Coinbase Card will only be available in the UK, but the payment card is intended to be spread throughout Europe. The contactless payment card also includes an app that allows customers to easily track their expenses.