Coinbase Releases First Bitcoin Debit Card

The biggest obstacle facing Bitcoin is that it is difficult to use it as a circulating currency. Although people have always dreamed of spending Bitcoin in any offline shopping mall, it is clear that there is still a long way to go before virtual currency can be connected to real life. As one of the world's leading large-scale Bitcoin wallet companies, Coinbase has taken a solid step forward on this road. The company has joined hands with the Shift payment platform to launch a Visa card that can store Bitcoin. When users need to swipe the card for consumption, the required Bitcoin will be automatically converted into US dollars for consumption.

     To get this Visa card, you first need to pay a $10 fee. Currently, the company does not charge any transaction fees, but the company said that in the future, a small fee will be charged for converting Bitcoin into US dollars. If you withdraw cash, you will also need to pay a fee of $2.5 in the future, and international transfers will be charged a fee of 3%.