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Maurice U.S. customers can now apply for the Coin base Visa, a card that allows users to spend digital assets anywhere Visa is accepted. In addition to the U.S. launch, Coin base 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 Coin base launched the Coin base Visa debit card for European customers. Coin base 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 Coin base 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 Coin base card will allow people to spend with nine different cryptocurrencies.
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U.S. card users will be able to obtain purchase rewards from the Coin base. “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 Coin base 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,” Coin base 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.”
Coin base notes that there is no fee required in order to issue the card, but standard Visa or the Bit pay Mastercard, the Coin base card will also provide a virtual card. The firm detailed during the announcement that users can utilize the virtual Coin base Visa as soon as they are approved.
The company also details that the card is powered by Marquetta, and issued by the FDIC member Megabank. “Coin base will automatically convert all cryptocurrency to U.S. dollars for use in purchases and ATM withdrawals,” the company announcement concludes.