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Coinbase Card Rolls Out Support for Five New Coins, Including XRP

Jamie West by Jamie West
November 19, 2019
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The Coinbase Card is now available in 10 more European countries. The expansion also saw the Coinbase rolling out support for five new coins – the BAT, REP, XLM, XRP, and ZRX.

The VISA debit card is linked to the Coinbase wallet and supports standard cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). It is only available to residents of specific European Economic Area countries.

The crypto-powered card initially covered Western Europe, but now it has also added Bulgaria, Denmark, Iceland, Croatia, Hungary, Norway, Romania, Poland, Sweden, and Liechtenstein to its list.

Coinbase Card Rolls Out Support for Five New Coins, Including XRP

The Coinbase Card is distinct from other crypto debit cards because it’s linked directly to the user’s wallet. When a customer uses the card to make a purchase, the digital currency is immediately converted to fiat.

The card is also supported by the Coinbase app. The application boasts of expense tracking features and can provide monthly spending statements and summaries. Users don’t even have to wait for the physical debit card to arrive as the app also carries a virtual card. However, it’s only available for specially supported mobile devices.

jamie xrp news | XRP & Ripple News
Jamie West
Tags: coinbase appcoinbase btccrypto newscryptocurrency listdigital currency
Jamie West

Jamie West

Jamie is an XRP veteran & keeps his finger on the pulse when it comes to all things crypto.

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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