Cryptocurrency exchange Coinbase has become the first cryptocurrency company to be approved as a Visa membership.
The exchange will be less dependent on Paysafe online payment company in issuing Coinbase Cards and will have more control over the cards functioning.
Today, Coinbase is the only one cryptocurrency company to receive Visa membership. The company plans to expand markets for Coinbase Card and increase the number of payment services.
Coinbase’s partnership with Visa began in 2019 with the launch of Coinbase Card in the UK, a Visa debit card that allows customers to spend their crypto as easily as the money in their bank account. Nine months later, Coinbase Card is available to customers in 29 markets who are able to spend 10 cryptocurrencies in millions of merchant locations.