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)
Buy with DAI: our 10th asset — and first stablecoin — is now available on #CoinbaseCard pic.twitter.com/SCLiJDYubc — Coinbase Card (@CoinbaseCard) December 6, 2019
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 of DAI 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.
Bitcoin Cash (BCH)
Basic Attention Token (BAT)
Stellar Lumens (XLM)
In June, the card was launched in six European countries including Spain, Germany, France, Italy, Ireland, and the Netherlands.
Source: Coinbase| Cointelegraph Image Credits: Coinbase | Getty Images