Coinbase is known to capture new markets and introduce new features on a regular basis. Keeping up with the trend, the leading cryptocurrency platform recently announced the inclusion of credit and debit card payments for its European customers.
Coinbase’s new offering is influenced by its performance in the home country, United States. In its blog, the company states that over forty percent of all cryptocurrency purchase in the US is made by using credit and debit cards. With the inclusion of new payment option, the company intends to replicate the same success story in the European market as well.
Until recently, Coinbase supported only credit card deposits in the US. The company finally announced the inclusion of debit card option earlier this year, which has turned out to be a great success. Now, the company is offering the same to other countries including Singapore, Canada and now Europe.
However, the solution allows its users in certain geographies to only buy digital currency with their cards. Upon launching the service in Canada, Coinbase explicitly mentioned that its customers in the North American nation can only buy digital currency at the moment.
As the company continues to go ahead with its expansion