Big news for Coinbase as it finally receives Visa principal membership.
As mentioned in the latest announcement, the cryptocurrency exchange now turns into the first pure-play crypto company approved as a Visa family member.
Visa’s membership grants easier cryptocurrency payments as it eliminates the expensive third parties from issuing the debit card. Herewith it allows making easier cryptocurrency payments in millions of locations around the world, where Visa card is accepted.
Coinbase stated that principal membership enables the company to further improve the customer experience, making it easier to spend cryptocurrency in everyday situations.
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 has been collaborating with Visa since 2019 when it first launched Coinbase Card in the UK. From now on, the card is available in 29 markets. Coinbase Card also allows customers to make payments in more than 10 cryptocurrencies and withdraw cash from any ATM.
The exchange considered Visa’s membership as “another significant milestone in the mainstream adoption of crypto as a genuine utility”. Coinbase also plans to continue building on this relationship with further initiatives to ensure more seamless interaction with cryptocurrency.