Coinbase extends mobile credit/debt card payment for Bitcoin, Ether to Europe

Coinbase extends mobile credit/debt card payment for Bitcoin, Ether to Europe

- in All News, Cryptocurrencies
coinbase

Coinbase, an exchange offering trading in Bitcoin and Ether, announced it is extending to its European clients the option to pay for cryptocurrencies with a credit or debit card through their mobile phones.

According to a Coinbase statistics, 40% of its US clients make credit and debit card purchases through their mobile phones, and now the exchange is adding the same service for Europe.

“Our mission at Coinbase is to create an open financial system for the world, and enabling easy access to digital currencies like bitcoin and ethereum in as many countries as possible gets us one step closer to that goal,” the company said in its blog.

The new option is available though the payments methods page on the company website or through the settings tab in the Coinbase Bitcoin Wallet application for iOS and Android.

Besides buying of cryptocurrencies, the electronic wallet of Coinbase can be used for paying for the services of more than 30 000 businesses across the world.

Now the debit/credit card funding service is available in all 32 countries where Coinbase offers trading of cryptocurrencies for fiat currencies.

Recently the option of buying Bitcoin and Ether with credit and debit cards was extended to Coinbase’s clients in Canada and Singapore.

Other deposit and withdrawal options include bank transfers and PayPal, as of recently, but only for US clients and only for bitcoin sales.

Coinbase was established in 2012 in San Francisco and is believed to be the largest bictoin-focused company in terms of investment. According to the CrunchBase website, since its establishing in 2012, Coinbase has attracted investments totaling $106.71 million in four rounds.  It operates exchanges between bitcoin and fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

The newest addition to the list of countries where Coinbase is present, is Australia – both with the institutional and retail trading platforms.

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