Coinbase Launches Crypto Debit Card in US with Stellar Rewards

Coinbase has launched its crypto debit card in the US, allowing users to spend their cryptocurrencies directly from their Coinbase account.

The card works like any other Visa debit card and is accepted wherever Visa is accepted. It converts cryptocurrencies to US dollars before completing purchases or withdrawing cash from ATMs.

Coinbase is kicking off the launch with a rewards program, offering 4 percent back when users spend Stellar Lumens (XLM) and 1 percent back when they spend Bitcoins (BTC).

The card has no issuance fee, but spending non-USDC cryptocurrencies incurs a 2.49% transaction fee on all purchases.