Industry news

Coinbase Roll out Bitcoin Debit Card

The Shift Card is a Visa debit card that currently allows Coinbase users in 24 states in the US to spend bitcoin online and offline at over 38 million merchants worldwide.

Coinbase has partnered with startup Shift Payments to produce the card, which aims to provide a single way to integrate all customer accounts on a single piece of plastic to spend virtual and traditional currencies anywhere major payment cards are accepted.

For bitcoin, the card uses the Coinbase Connect platform to automatically debit funds from cardholders’ virtual wallets for each transaction. Prices are matched on the current spot price of bitcoin on the Coinbase exchange platform.

Source: www.paymentscardsandmobile.com

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