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Crypto platform Coinbase launched a cryptocurrency card - all US citizens can get it


The American exchange Coinbase has confirmed the release of a bank card with the possibility of cashback in cryptocurrency. According to the company, the function is implemented on VISA debit plastic cards, and the return rate is up to 4% when making any purchases. The service is available to all citizens of the United States, however, there is an exception - residents of the state of Hawaii are not yet able to order the product.

In addition to popular coins such as Bitcoin and Ethereum, other options for electronic currencies will be available to users.

The client can switch the assets he needs directly from the application. The accumulated assets can be spent without commission write-offs.

The terms of the card are simple:

    there is no commission for transactions within the Coinbase Card;
    the site does not charge a card service fee;
    the client is not checked for credit history;
    no registration.

Recall that the announcement of the new card Coinbase spent another 2020. In 2021, the platform added support for Apple Pay electronic payments to its product.

Coinbase makes profit on the spread during the conversion of digital assets into fiat USD. The size is set in the user agreement, which the participant accepts at the time of registration.

English users already have access to the map, the feature was launched back in 2019. After a short period of time, a number of other countries from Europe joined it.

Recall that, according to VISA statistics, users of cryptocurrency assets managed to spend about $2.5 billion in just three months of 2021. The number of company partners that support crypto cards has increased from 56 to 65. Among them are such giants as Circle, FTX, Bakkt and BlockFi and Coinbase itself. The number of active merchants is approaching 100 million members.

In turn, Mastercard conducted market research. According to the company, the number of participants in the payment system with crypto assets in 2022 will increase to 40%.