With principal membership, Coinbase Becomes direct visa card issuer
According to coinbase blog Feb 19, coinbase becomes a principal of visa. This is beneficial because, without third parties, debit cards will be issued. This the evolution of membership between Visa and coinbase business. This all will allow new traffic of customers who are living in European states or European union. This will allow multiple cryptocurrencies.
This card is globally supported but it cannot be used by people who are living outside of the compatible area or we can say supported area. Because of these awesome facilities, the urge is seen in the United Kingdom, Italy, Spain, and France.
Because of direct support to visas, coinbase will provide more services and will support more markets. The company named it ‘’pureplay crypto company’’.
Debit cards history
The new revised card was launched in the UK in 2019 but the shift crypto card was supported by coinbase where funds taken from users exchange balance and this service was launched in 2015. And the bad time came to shift that it was removed from Wavecrest's visa license in 2018. Because Gibraltar was a very effective company, shift shut down operations in 2019.
The newer version is of debit card that will be issued by vias will be supported by Paysafe financial services ltd. This is the company that is behind Skrill and Paysafecard. But the unclear topic is when the transition to coinbase will happen.