Visa and Coinbase team up on crypto-backed debit card

Visa and Coinbase team up on crypto-backed debit card

In another example of how fiat and digital currencies are converging in the financial services industry, Visa on Thursday unveiled a debit card that lets users buy things with fiat money converted from cryptocurrency stored in online wallets. The new Coinbase Card is directly tied to a person’s cryptocurrency balance in digital wallets managed by the eponymous digital currency exchange.