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Coinbase teams up with Visa to launch Coinbase Card

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Coinbase launches Coinbase Card to help users spend spend cryptos effortlessly
Source: Pixabay

In what is a huge development in the plan to fuel wider cryptocurrency adoption among regular people, the American cryptocurrency exchange, Coinbase, announced the launch of “Coinbase Card.” The “Coinbase Card” will allow users in the U.K. to spend cryptocurrencies “as effortlessly as money in the bank.” This huge step forward follows Coinbase’s partnership with major global payments processor, Visa.

The “Coinbase Card” is a Visa debit card powered by customers’ Coinbase crypto wallet balance. With this card, users can pay in-store directly and make purchases. Coinbase converts the crypto to fiat, which is then transferred to the vendors.

According to the blog on Medium, the card is yet to be released to the public and will have an issuance fee of £4.95. Users can download the iOS and Android app to link their Coinbase wallet to the card. The blog further stated,

“This is the first debit card to link directly with a major cryptocurrency exchange in the UK and EU, allowing users to spend their crypto balances direct from their Coinbase account”

Further, the card was issued by issued, authorized and regulated as an electronic money institution, Paysafe Financial Services Limited. Coinbase also revealed that it will be opening up these services to other customers across Europe soon.

Although the transfers aren’t exactly peer-to-peer, the dream of using cryptocurrencies for retail purchases in the real-world is inching a lot closer to reality, following Coinbase’s announcement.





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time writer at AMBCrypto and a part-time novice trader.

Altcoins

Tron [TRX] surges by over 6% as token storms back into the top 10

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Tron [TRX] price surges by over 6% as token back in top 10 as bulls take control
Source: Pixabay

Tron’s [TRX] price was surging, even as the cryptocurrency market cooled down following a brief rally anchored by Bitcoin [BTC]. The collective market cap stood at $324 billion. Following the surge, the token was back among the top 10 coins of the cryptocurrency market, a month after CEO Justin Sun promised the same. His tweet had said,

“#TRON will be back to Top 10 in June! #BitTorrent will be Top 30 in Q2! Let’s wait and see! #BTT $BTT $TRX #TRX”

However, despite the fact that Tron’s native token was prospering, BitTorrent [BTT] was still down at the 35th position on CoinMarketCap.

Despite low trading volume lately, TRX gradually climbed to break its resistance at $0.035. The latest bullish swing was speculated to lead TRX to breach the much-awaited $0.04 resistance.

Tron’s climb up the charts and into the top 10 is a surprise for some, especially since Tron overtook Cardano. The Charles Hoskinson-led crypto is still on a high after recent updates in its ecosystem, including the Shelly testnet going live.

Tron however, has not being standing idly. Recently, CEO Justin Sun revealed that Tron’s DApp trading volumes has exceeded those of EOS and Ethereum. Further, the Tron Foundation recently released a version of the Odyssey update on its mainnet. Further, Tron’s blockchain saw the release of a USD-backed stablecoin by Carbon recently.

Tron [TRX] 1-hour chart

Source: TradingView

Tron was up by 6.40% over the past 24 hours, driving its valuation to $0.039. Additionally, the digital asset rose by 3.7% over the last hour, at press time. TRX registered a market cap of $2.58 billion and a 24-hour trading volume of $900 million. The exchange with the highest TRX trading volume was BW.com, contributing 9.52% to the volume via the TRX/USDT trading pair.





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