The American Bitcoin exchange Coinbase received the status of Visa Principal Member, that is, a full member of the payment system. Thanks to this exchange, its users no longer have to use the services of third-party companies to issue Coinbase Card debit cards.
Related: Visa takes over Coinbase exchange partner for $5.3 billion
According to the blog, Coinbase was the 1st crypto company to receive this status. Coinbase expects that this will positively affect the massive adoption of cryptocurrencies.
The blog reports, that membership will allow them to expand the capabilities of Coinbase Card customers from providing additional services to support in various markets. All this will contribute to the development and enrichment of the experience of crypto payments.
Recall that in April last year, the company announced the launch of a Visa debit card designed for customers from the UK.
In the summer, they began issuing Visa debit cards for residents of six other European countries: Spain, Germany, France, Italy, Ireland, and the Netherlands.