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Coinbase Approved as Visa Principal Member

Coinbase Approved as Visa Principal Member

Coinbase Approved as Visa Principal Member-techcryption-01

Coinbase, a digital currency exchange headquartered in San Francisco, California is a platform that provides exchanges of cryptocurrencies to fiat, in approximately 32 countries, Bitcoin transactions and storage in 190 countries worldwide.

Recently, according to the firm’s blog post, Coinbase has become the first crypto-related firm approved as Visa principal member. Notably, Coinbase has been working with Visa since 2019 and has launched its Coinbase Card in the UK where it allows users to spend cryptocurrency as cash wherever Visa is accepted.

The Coinbase debit card is available in 29 markets with 10 cryptocurrencies supported. Reportedly, users of the card heavily utilize the service from paying for holiday and trips via public transports.

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“We are proud to be the first company in the crypto ecosystem to be granted Visa principal membership. This membership will enable us to offer more features for Coinbase Card customers; from additional services to support in more markets — all elements that will help to evolve and enrich the cryptocurrency payment experience.”

COINBASE
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