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Coinbase’s Visa debit card can be used for Litecoin [LTC] in addition to Bitcoin [BTC]

Sthuthie Murthy

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Coinbase wallet can be set up to deduct LTC in addition to BTC using VISA debit card
Source: Pixabay

Coinbase’s Shift Visa debit card, the first US Bitcoin debit card allows to be linked to any wallet in a user’s Coinbase account, according to the latest announcements. Coinbase can be used to spend coins online and offline across the globe at over 38 million merchants.

The debit cards work like any normal debit card when connected to existing user accounts, allowing to spend immediately and directly in any place that accepts VISA with immediate notifications.

Charlie Lee, Litecoin’s Founder tweeted:

“FYI: Coinbase’s Shift Visa debit card can be linked to any wallet in your Coinbase account. So, in addition to BTC, it can be set up to deduct from your LTC (or ETH/BCH) wallet.”

Serene, an LTC holder says:

“This is awesome. I actually already have a Shift debit card from a Dwolla account I have. I just opened my app and linked my Coinbase account and attached my LTC wallet. I am glad to see Visa harmonising. I thought them disaster bound…. like the others. Thanks, Charlie!”

The VISA debit card can be set up to deduct or spend Litecoin [LTC] or ETH/BTC apart from just Bitcoin [BTC].

Austin Coen tweeted addressing Charlie Lee:

“Seems like 2 third parties trying to access and identify your crypto funds? Interesting, I’m assuming this concept may be Coinbase’s future plans for all customers. Good to know!”

Charlie responded to this by saying:

“Only put coins there that you are going to spend. Think of it as your checking account. Keep the rest safely stored elsewhere.”

Antonio, another speculator also questioned Charlie:

“So, Charlie, do you really think that people will want to keep using these services that directly tie you to the centralized bankers? I see them easing the use of crypto only momentarily.”

To which he replied:

“It’s a trade-off. Get ease of use with a 3rd party centralized service.”

Litecoin [LTC] is currently trading at $151 with significant volume increases over the week accounting to 19% roughly. LTC stands at the 6th position with a market cap of $8.4 billion as seen at press time.

Charlie also mentioned while replying to a supporter who stated taxes as a problem saying, “Indeed. I hope they pass a bill that lets you spend small amounts tax-free.”

There were a bunch of unhappy and non-supporters of Coinbase who expressed their claims:



Judy tweeted:

“Cool, wish we could get a legitimate LTC payment system going that doesn’t implode on launch instead TBH. Hate relying on old and corrupt centralized entities like Coinbase.”

Adrian Dowell says:

“I still have my shift card and would love to use it, but I would prefer to stay away from Coinbase.”





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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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