The first US-issued bitcoin debit card has been unveiled. The Shift Card is a VISA debit card currently allowing Coinbase users in twenty-four states in the U.S. to spend bitcoin online and offline worldwide.
Shift uses Coinbase Connect to make bitcoin more useful to 2.8M+ Coinbase users.
Merchant adoption has come a long way over the past few years, but it’s still difficult for people to make regular purchases with bitcoin. Buying gas at a local gas station or groceries at a neighborhood grocery store with bitcoin has not been possible in most cities in the U.S.
For a limited time, there are no fees associated with domestic merchant transactions beyond the one-time $10 issuance fee. In the future, we may charge a fee to Shift for the conversion of bitcoin, which Shift may pass on.
There is a 3% fee for international transactions and Visa may apply a variable currency exchange fee.
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