Coinbase, one of the largest cryptocurrency exchanges in the United States, is introducing its Coinbase Card, and the DAI stablecoin will be the first stablecoin to support it.
“Paying with a stablecoin brings something new to the Coinbase Card experience and using a cryptocurrency with stable purchasing power gives more opportunity and choice to customers.”
The idea is for customers to spend with cryptocurrencies without being subject to the volatility of Bitcoin and other top currencies, though Bitcoin’s is the most drastic by far.
“For customers wanting to spend crypto with less volatility, DAI could be the answer. DAI aims to always be worth one US Dollar, which offers more certainty to customers when picking up last-minute Christmas gifts, rounds of mulled wine for the office, and beyond.”
Anybody can get started with Coinbase Card via the iOS or Android application. All they need to do from there is sign in and go from there. Then, the company will send them a physical card in the mail.
As of right now, according to the Coinbase Card FAQ, there are nine wallets you can use to pay off your Coinbase Card account: BTC, ETH, LTC, BCH, XRP, BAT, REP, ZRX, XLM, or DAI.
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