It is common to see Coinbase on crypto-related headlines. It is a major crypto exchange and it has been quite busy expanding its business. Just this month alone we have shared a few updates on the company, namely that its users may now backup keys on the cloud.
However, not all news are steps forward. Or are, although less obvious.
Here is one case: Coinbase’s debit card, Shift — that conveniently allows the US crypto exchange users to spend Bitcoin (Bitcoin: BITCOIN) through a Visa debit card —, will reportedly disable its operations in two months. It will remain active until April 11.
The company did not share the reasons for the product’s desactivation — and it should be noted that, according to an email sent to its clients, it “hopes to re-launch the program and issue new cards in the near future”. So perhaps it is not an absolute goodbye.
Nonetheless, Shift has faced skepticism since the very beginning — end of 2015 — and might have suffered of lack of demand. What will change, then?
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