Coinbase Launches a Crypto Debit Card!

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Recently Coinbase announced that they are releasing their own crypto visa card! Now it is easier than ever for Coinbase customers to spend their cryptocurrencies. At the moment, this service is only available in the UK. European Union countries are the next ones in line. 

Spend your Coinbase balance anywhere, anytime!

With the Coinbase card, users can spend their cryptocurrencies both in-store and online. Also, you will have a chip and PIN feature, which means that you will be able to withdraw your funds from ATMs. “When customers use their Coinbase Card, we instantly convert crypto to fiat currency, such as GBP, which is used to complete the purchase,” says in their blog.

However, this brings up questions. When Coinbase says “Customers can use their card in millions of locations around the world” while at the same time they’re saying that this service is only available in the UK. Does that mean that you can get the card only in the UK, and then use it all around the world? Or does the part of “all around the world” comes later?

Coinbase card app

Coinbase developed a separate app for this service. Within the app, users can choose which crypto wallets they are willing to fund their Coinbase card with. At the moment, Coinbase card supports all crypto wallets that are available across Coinbase platforms. It looks like the app will be no different to any other pre-paid visa card. Hence the users will have the ability to see instant receipts, transaction summaries, spending categories and more.

Coinbase has become the first major cryptocurrency exchange in the UK which has issued their own cards, thus allowing its customers to spend their balances right away. <– TWEET THIS!

“This card is issued by Paysafe Financial Services Limited. Paysafe Financial Services Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011(FRN: 900015) for the issuing of electronic money and payment instruments,” explains Coinbase in their blog.

Drives user adoption?

While crypto-payment VISA cards are nothing new in the cryptocurrency ecosystem, many Coinbase users have been waiting for this kind of feature. Coinbase still is one of the largest companies in user count. And this new service will come very handy to their customers.

However, why couldn’t Coinbase incorporate this feature within their existing Coinbase app? Instead of downloading yet another crypto app on my phone, I could just use the same app which I use for crypto storing. Nevertheless, when speaking about crypto adoption, this is a massive step towards it. As already mentioned above, Coinbase still is one of the top cryptocurrency apps in user count. That means that all their +20 million users now will be able to spend crypto. However, at the moment, only in the UK.

If you want to start your independant crypto journey with Coinbase, just click HERE!

Source:

https://blog.coinbase.com/spend-your-crypto-instantly-with-coinbase-card-4c840e59a8d8


You can buy luxury headphones with crypto!

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We have found yet another marketplace, where you can spend your crypto! 

Headphones.com is a family business, run by two brothers, which accepts cryptocurrency payments!

Their primary goal is to deliver the customer the best sound experience for the best price in the market.

Accepting crypto for headphones

Cryptocurrency payment options within the website.

Judging by the twitter profile of Andrew Lissimore, the CEO of Headphones.com, the two co-working brothers have been early Bitcoin investors. Andrew is continuously endorsing cryptocurrencies and blockchain technology in his twitter profile. They started accepting Bitcoin in early November 2017, and now they have grown to multiple cryptocurrency payment options. They accept Bitcoin (BTC), Ethereum (ETH), EOS, 0x (ZRX), Litecoin (LTC) and more cryptocurrencies. 

The business model

Their business insists on five significant principles. They guarantee that their product will always be 2% cheaper than any other product on the market. However, there are a few occasions when they can’t beat the price. Then they will let the customer know, that their competitor has a better rate. Next, they provide fast and free shipping. Headphones.com will delist any product that gets terrible reviews from the customers, that way they only sell a product that their customers love.

Possibly the best thing which sets this company aside from similar ones is the fact that the time to send the product back and ask for a refund is a full year!

Moreover, they are constantly improving their online store to meet its customers best expectations.

It’s common to see self-made businesspeople accepting cryptocurrency payments within their companies. They are young, and they share almost the same ideology than crypto – getting rid of the middleman. Also, this state-of-mind kind of brings cryptocurrency and everything related to it together with these kinds of people, that are willing to do good for the society.

Keep them crypto-friendly businesses coming!

Source:

https://www.headphones.com
https://goo.gl/xvtHT2
https://twitter.com/andrewlissimore

Photo by Bansi Jadhav from Pexels.