Digital currency exchange Coinbase launched a debit card in the U.K. on Thursday to make it easier for customers to pay in stores and online with cryptocurrencies like bitcoin, ethereum and litecoin.
"There's a real advantage in actually being able to deposit crypto and interact with crypto because the crypto ecosystem is so much more than the investment aspect," Feroz said.Instead, Coinbase charges users a small fee of about 2.5 percent to convert fiat money, such as the British pound, into a cryptocurrency, like ethereum.
Many fintech companies are working on solutions to try to make crypto payments and trading more accessible. Revolut in the U.K. and Square in the U.S. offer crypto trading on their platforms. Facebook is reportedly developing a cryptocurrency for global payments to use through WhatsApp.
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$BTC