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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.”

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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.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.