Coinbase Card

A card from Coinbase allowing you to spend crypto anywhere

#3 Product of the WeekApril 11, 2019
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Coinbase Card enables you to instantly spend and track your bitcoin, ethereum, litecoin and more. You can use it in millions of locations, all over the world using contactless, PIN and by withdrawing from any ATM.
Discussion
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11 Reviews4.0/5
There's a battle among many of the biggest tech companies to own the card. A few weeks ago Apple Card was announced. In January Square Card launched. Last year Venmo Card hit the market. Who's next? Robinhood?
@rrhoover Ha funny you should say that. I started working on a concept YEARS ago which let you sell stocks in real time via a debit card.
@rrhoover I'd like to see a tech-centric nonprofit card operator that donates their revenue (sans operating costs) from card fees to your charity(s) of choice. a card to feel good about. 1-4 years ago I would have been stoked on a Coinbase card, now it's just the product line all fintech companies get into at some point.
@rrhoover Robinhood announced their card in December, but now news since that. Moreover, they've already changed the name from Checking + Savings to Cash Management. So I guess they still have to overcome some legal barriers.
@rrhoover But who's is going to own the mobile wallet! If a platform is created there is still a ton of space for improvement especially in the social POS space. its alot of features where a platform can be created and lets talk about the ability for the elimination of the interchange fee! Thoughts!
Nice work! How is tax handled?
@dsofter My understanding is all conversion of crypto to fiat are a capital gains taxable event.
@dsofter @themire In the United States :) This card is only available for UK for now it seems.
@dsofter @hanyoon Yes I mean in the UK! They're classified as capital gains. Expect you'd need good accounting tools to manage it.
@themire that will make my tax return so complicated lol
@dsofter @themire Oh wow, I thought it was only us Americans that had to deal with that. Just finished taxes for 2018 and it only took me 10 days thanks to crypto! /s
Very interesting move from Coinbase! I was looking into something like this last year, most solutions didn't seem very practical in the long term. I am curious to dig into the details for this one. Is there an ETA for the US?
Goes in the right direction, but be honest who would actually spend his crypto?
@svenvdz I'd start putting a % of my expenses on this.
@svenvdz then work my way up from there.
"A card from Coinbase allowing you to spend crypto *anywhere" *anywhere in the UK
@jarrod exactly! I want my Swift card back!