Coinbase Becomes Direct Visa Card Issuer With Principal Membership

Cointelegraph

Published Feb 19, 2020 07:27AM ET

Updated Feb 19, 2020 09:02AM ET

Coinbase Becomes Direct Visa Card Issuer With Principal Membership

Coinbase is now a principal member of Visa (NYSE:V), according to a Feb. 19 announcement. This will allow it to issue debit cards without relying on third parties.

The membership is an evolution of Coinbase’s current relationship with Visa, with the cryptocurrency exchange providing a Visa-based debit card. Called Coinbase Card, it allows customers residing in the European Union or European Community to spend multiple cryptocurrencies.

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