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Coinbase Enables Bitcoin, Ethereum Buying via Mobile in Europe

Last Updated March 4, 2021 4:50 PM
Samburaj Das
Last Updated March 4, 2021 4:50 PM

Prominent bitcoin and Ethereum wallet and exchange Coinbase has unveiled a new feature to users in Europe who will now be able to purchase the digital currencies on their phones, using a payment card.

Coinbase has announced that its European customers can now purchase bitcoin and Ethereum on their mobile phones using a credit or debit card.

The prominent bitcoin wallet and services provider revealed that forty percent of digital currency purchases via payment cards in the U.S. were done on mobile. The new feature is a means of making bitcoin- and ether-buying simpler and easier while on the go with a mobile phone.

With its acceptance of payment cards for easier purchasing, the digital currency exchange initially introduced a beta phase in March 2016 which saw Coinbase users in the United States purchase bitcoin with a debit card. Toward the end of April 2016, that feature was made available to all U.S. users.

In recent times, the San Francisco, California-based digital currency exchange is making a marked effort in expanding internationally. Last month, Coinbase expanded its services to Australia, enabling Australian users to buy digital currencies with payment cards. A few days later, the exchange also enabled customers in Canada and Singapore to buy bitcoin and ether instantly.

Earlier in July, Coinbase announced its intention to expand its services to Japan, while raising over $10 million in a funding round led by Japan’s largest bank, Bank of Tokyo-Mitsubishi UFJ (BMTU). As things stand, Coinbase’s only Asian presence is in Singapore.

Coinbase added Ethereum to its roster last month, enabling customers in 32 countries to buy, sell or store ethers, the token currency of the Ethereum blockchain. The move came just a day after Ethereum’s much-publicized hard fork. In the following week, Coinbase revealed that it had no plans to support Ethereum Classic, the spin-off blockchain based on the original consensus and protocols of the Ethereum blockchain.

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