Coinbase has reportedly announced that US customers can now join the waitlist for its Coinbase Card, a debit Visa card that allows customers to spend cryptocurrency anywhere Visa cards are accepted.
Coinbase claims it’s the easiest, quickest way to spend your crypto worldwide. Previously, the card was only available in Europe.
The Coinbase Card eliminates the middleman, instead pulling funds directly from your Coinbase account. Other cards are limited to one or a few currencies, the Coinbase Card supports more than 30, according to the company.
There’s an optional rewards program as well (only available to US customers for now). You can choose to earn 4 percent back in Stellar Lumen or 1 percent back in bitcoin. There’s no issuance fee, but Coinbase says that cryptocurrency conversion fees may apply.
In Coinbase’s app, you’ll be able to keep track of recent transactions and rewards earnings. You can manage your rewards currency there, as well as the currency you’re spending with.
Coinbase says the first customers will be approved this winter. As soon as you’re approved, you’ll be able to start spending with a virtual card. Users will get your physical card in the mail within two weeks. Users will need to have a verified Coinbase account in order to use the card.
