Coinbase has launched a new Visa debit card in the UK, allowing customers to make purchases and cash withdrawals directly from their accounts. The company has partnered with Apto Payments, previously Shift Payments to enable the capability.
In February, Apto abruptly announced it would be “retiring the programme” with little explanation. Coinbase has now partnered with Apto to provide “technology and support services” for its new card. The company said its new card is the first in the UK and EU to allow users to spend fiat currency and have a corresponding amount of cryptocurrency debited directly from their accounts. An accompanying mobile phone app will allow customers to choose which cryptocurrency they wish to debit.