Launches Visa Debit Card Linked To In The United Kingdom:
, a major crypto platform based in the U.S has introduced the visa card in the United Kingdom. The visa card launched by the company will get linked with the ’ account directly and let them make online payments and in- purchases using . Along with this, the new card will also allow in the U.K to convert their crypto holding into fiat instantly for regular use.
According to the statement made in an official press release by : this card will make payment simpler by giving users an ability to make transactions using a “contactless, chip and pin as well as cash withdrawal from ATMs.” And the associated app ( card app) will let the customer choose the they wanted to use.
Zeeshan Feroz, CEO of coin base said in an interview “ supports all crypto assets available to buy and sell on its platform, meaning they can pay for meal with , or use to fund their train ticket home.” he further added that the visa card would have the max spending limit of £ 10000 (around $ 13000) and the withdrawing limit up to £ 500 ($ 650). The transaction fee on each transaction is set to 2.5 per cent while the withdrawal amount of £ 200 per month form a local ATM is set free.
The company, on behalf of news, also talked about the launch of debit card app in their release statement. This app will coordinate with the card and works as an expense manager in the IoS and Android devices. While allowing to decide which wallets to use to fund their purchase via card, the app also provides access to its customer on their transaction record, summaries, receipt of purchases, spending categories and many more.
According to , this is one of the first cards of its kind which is introduced in the U.K. and now the exchange company is looking to support other European countries in the coming months. So far no other exchanges in the crypto space have introduced such a platform to link customer accounts directly and allowed users access over their entire crypto holdings.
Published at Sat, 13 Apr 2019 03:38:16 +0000
