Coinbase Card from major crypto exchange Coinbase now supports Dai (DAI), a stablecoin pegged to the United States dollar.
On Dec. 6 a blog post was published stating that Dai is the first stablecoin available on Coinbase Card, alongside major cryptocurrencies:
Bitcoin (BTC) and Litecoin (LTC)
The addition of the stablecoin to the Coinbase Card will allow customers to spend crypto with less volatility, as 1 DAI is equivalent to $1.
According to Coinbase’s head of growth marketing, JD Millwood, the addition ofDAI is not just one more asset to spend but a tool intent on boosting the global adoption of alternative payment methods.
“It represents a small step on our big journey to make crypto accessible to all, through alternative payment options that suit our diverse customer base.”
Coinbase- A Crypto-Powered Debit Card
Coinbase Card is a Visa debit card that allows cryptocurrencies transactions to pay for goods as well as to withdraw cash from ATMs. It’s a crypto-powered debit card that instantly converts customers’ crypto into fiat currency.
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