CoinBase Card Set for Tests, But the IRS is Watching

When Shift Card, CoinBase’s crypto debit card provider shut down in a huff earlier this year, it left a gaping hole that CoinBase has quickly covered with the CoinBase Card. Launched first in the UK, the card has enabled its users to seamlessly exchange crypto to GBP in an instant for withdrawal on ATMs or for payments in thousands of stores nationwide.

The debit card issued by PaySafe can be managed via CoinBase’s card app that is linked to a crypto user’s account. The app is both iOS and Android compatible and allows users to seamlessly swap between wallets as it supports assets listed on the CoinBase platform meaning users can shop using their ETH or BTC.

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