By Solomon Odunayo
According to a recent update, the credit card giant Visa has given the US-based cryptocurrency exchange Coinbase the right to issue Bitcoin Debit Cards.
This significant achievement was first published by Forbes and corroborated via the official Twitter handle of the cryptocurrency exchange moments ago.
Going by the report, this is the first of its kind in the crypto space. The right will enable the exchange to offer more features for its card users in the United Kingdom and Europe.
Coinbase shared this, “Today Coinbase became the first crypto company to be granted Visa principal membership. This will enable us to offer more features for Coinbase Card users in the UK and Europe; from additional services to more supported markets – all making it easier to spend crypto every day.”
Today Coinbase became the first crypto company to be granted #Visa principal membership. This will enable us to offer more features for #CoinbaseCard users in the UK and Europe; from additional services to more supported markets – all making it easier to spend crypto everyday.
— Coinbase (@coinbase) February 19, 2020
As earlier stated, Coinbase is the cryptocurrency exchange to be granted Visa principal membership by the credit card giant.
Obviously, this is a step in the right direction for the exchange and the whole crypto space, as a quest for the adoption of digital currency sees new development on a daily basis.
As reported by Forbes, the cryptocurrency exchange Coinbase was officially awarded this right in December 2019 but was discretely restricted from public notice.