Coinbase Launched Crypto Debit Card With 1% Rewards

Coinbase launched crypto debit card with 1% rewards on Bitcoin spending for US-based customers. The customers can enjoy up to 4% rewards while spending their digital assets with the new Visa debit card as we are reading more in today’s Coinbase news.

The biggest US-based crypto exchange Coinbase launched crypto debit card today which allows customers to spend digital assets for everyday purchases. The Visa Debit Card will provide the clients the opportunity to earn up to 4% in crypto rewards and 1% on Bitcoin spending. The designated crypto assets spent by users will be converted to US dollars before completing the purchase or the ATM withdrawal. The rewards will be able for US-based customers that depend on the crypto they use. For instance, customers can get 1% back if they spend bitcoins and 4% back if they choose Stellar.

The coinbase all will serve as a fund manager and all spending, reward details and preferences will be manageable via the app. The US customers can start applying to receive the card via the app of the exchange or through the website. The first approved clients will be announced this winter and they can start spending with the virtual card. The physical card will be delivered within two weeks.

As reported earlier, while urging company employees to vote and to volunteer in the elections in November, Ripple CEO disagrees with the apolitical procedures of Coinbase. Brad Garlinghouse is the latest popular individual to criticize the apolitical approach taken by the crypto exchange Coinbase. Ripple offered employees paid time off to vote and to volunteer in the upcoming US Presidential elections. The Chief Executive Officer and veteran US-based digital asset platform Coinbase raised many controversies after posting a blog post.

Coinbase got over 1800 law enforcement information requests in the first half of the year largely in the form of subpoenas as the company announced in a new transparency report. The San Francisco-based crypto exchange released the information in the first transparency report ever and the digital rights advocacy group Electronic Frontier Foundation initially requested that the exchange should be more transparent in how it handles authorities’ requests for users’ private data regarding their finances. In addition to the criminal information requests, Coinbase got over 1800 law enforcement information requests of civil or administrative requests.