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.
Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.
Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.
We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.
Jamie Dimon, the CEO of JP Morgan Chase, along with the CFO Jennifer Piepszak weighed in on the OCC’s recent approval of banks using stablecoins for payments during its Q4 2020 earnings call, as well as whether or not...
Osprey Funds, a subsidiary of Rex Shares (constructs unique investment and trading products that promote flexibility and control), has offered an over-the-counter (OTC) Bitcoin trust under the ticker symbol OBTC, which...
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.