Cryptocurrencies have come a long way in from being an unreliable platform to gradually become the most smooth as well as a faster source of the transaction. However, the fact that it has faced enormous challenges in its path can’t be denied.
If observed carefully one can easily figure out that one of the most imperative reasons that are actually deterring cryptocurrency from becoming a mainstream adoption is the pessimistic attitude of retailers to develop trust in this crypto market. Truth be told, their concern is actually a major issue for them as the massive fluctuations in this market makes it hard for them to rely on Bitcoin or other stable coins. Therefore there is a strong need to resolve this issue so that the boundaries for cryptocurrencies could be expanded. Well here is the latest news which seems to be the solution for this issue.
There has been a recent announcement which clearly states that VISA and Coinbase have recently established a partnership. As per the Computer World report, Coinbase cards are going to be linked to the holder’s cryptocurrency wallet at the exchange. Hence this will allow purchases in Bitcoin, Etheruem, XRP, and Litecoin. Moreover, according to VISA, this is going to be of great use to the cardholders as they can spend crypto as effortlessly as the money in their bank.
THIS PARTNERSHIP IS A BOON FOR USERS:
This partnership is actually a boon for users as it is going to be of enormous use to them:-
• This seeks to bypass the adoption requirement for retailers entirely. Thus allowing their customers to make purchases in cryptocurrencies.
• It actually makes it possible for the users to make fiat purchases instantly with cryptocurrencies using a debit card.
• Moreover, this card will also make ATM withdrawals possible by minimizing the complications of the crypto-to-fiat withdrawal process.