Coinbase announces its membership acceptance by Visa. The Cryptocurrency giant says it now has the right to issue Bitcoin debit cards to its users, and that it will enable them to liquidate their digital assets easily and quickly.
Ontario, Canada - February 20, 2020 /NewsNetwork/ —
Coinbase announces its membership acceptance by Visa. The Cryptocurrency giant says it now has the right to issue Bitcoin debit cards to its users, and that it will enable them to liquidate their digital assets easily and quickly. On the other hand, the Aussie dollar price dropped to an 11-year low this week, following the increased unemployment rate data of 5.3% on Wednesday. Forex Broker comparison service FXBrokerFeed brings you the latest news updates and comments in the FX Broker Market, featuring Coinbase Bitcoin debit card announcement and AUD/USD price drop.
Coinbase to Start Issuing Bitcoin Debt Cards Soon
FXBrokerFeed reports that the cryptocurrency giant, Coinbase, is likely going to begin issuing Bitcoin debit cards to users. The development is as a result of the fact that Visa granted the company the right to start doing so.
According to a Forbes report, Visa awarded the power to issue these Bitcoin debit cards to Coinbase since December 2019, but the announcement to the public was not until Wednesday, 19 February 2020. FXbrokerFeed confirmed this information from a statement about the principal membership right granted to Coinbase credited to Visa.
The debit card will enable users to liquidate their Bitcoin, Ripple, and Ether easily from anywhere, with any ATM that accepts Visa cards. In his words, the CEO of Coinbase UK, Zeeshan Feroz, stated: “What the card is trying to change is the mindset that crypto is tucked away, takes two days to access, and can now be spent in real-time.”
The Aussie Dollar Hits 11-year Low
The third week in February 2020 was not a good one for the Aussie dollar, as the AUD/USD pair recorded its lowest price in 11 years.
This drastic drop of the AUD/USD pair to 0.6630 results from the news of the increase in Australia’s unemployment rate to 5.3%, FXBrokerFeed discovered. On Wednesday, data released revealed that the Reserve Bank of Australia’s rate beat expectations.
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