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Free Bitcoin 2020 Earn Free Bitcoin Daily in Internet 2020 Learn different ways to earn Bitcoins by completing simple tasks, Captcha’s and sell your Bitcoins for real money. Free Bitcoin 2020 What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. Bitcoins in its pure essence is money. It is digital curren

Coinbase Launches Cryptocurrency Visa Card in the US

Coinbase Launches Cryptocurrency Visa Card in the US

U.S. customers can now apply for the Coinbase Visa, a card that allows users to spend digital assets anywhere Visa is accepted. In addition to the U.S. launch, Coinbase cardholders will be able to earn up to 4% back in stellar or 1% back in bitcoin.

A while back, the San Francisco-based cryptocurrency firm Coinbase launched the Coinbase Visa debit card for European customers. Coinbase disclosed that the card is now being leveraged in 30 different countries within the UK and Europe.

On Wednesday, the company announced that American residents can now register for the crypto card.

“Starting today, customers in the U.S. can join the waitlist for Coinbase Card, a Visa debit card that allows crypto to be used for payments and purchases online and in-store as well as for ATM cash withdrawals,” the company announced. The announcement explains that the Coinbase card will allow people to spend with nine different cryptocurrencies.

Coinbase Launches Cryptocurrency Visa Card in the US

Similarly to competitor cards from firms like Crypto.com, U.S. card users will be able to obtain purchase rewards from Coinbase. “At launch, customers can opt to earn 4% back in stellar lumens (XLM) or 1% back in bitcoin (BTC),” the San Francisco tech firm detailed. American Coinbase card applicants must be fully verified on the system and there will be a wait time until the firm makes its first approvals.

“The first customers will be approved this winter,” Coinbase disclosed. “Once customers are approved, they can spend with a virtual card right away and will receive a physical card in the mail within two weeks.”

Coinbase notes that there is no fee required in order to issue the card, but standard crypto conversion fees may apply. Much like the Crypto.com Visa or the Bitpay Mastercard, the Coinbase card will also provide a virtual card. The firm detailed during the announcement that users can utilize the virtual Coinbase Visa as soon as they are approved.

The company also details that the card is powered by Marqeta, and issued by the FDIC member Metabank. “Coinbase will automatically convert all cryptocurrency to U.S. dollars for use in purchases and ATM withdrawals,” the company announcement concludes.

According to the firm, U.S. residents from all the states are eligible except for residents from Hawaii.

What do you think about the Coinbase Visa card being made available to U.S. residents? Let us know what you think about this subject in the comments section below.

The post Coinbase Launches Cryptocurrency Visa Card in the US appeared first on Bitcoin News.



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