US cryptocurrency exchange Coinbase has just announced the launch of a Visa debit card for US residents, with the exception of residents of the state of Hawaii.
According to the company, cardholders will have the ability to receive a cryptocurrency cashback of up to 4% of each purchase.
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Coinbase has reported that transactions with the Coinbase Card will not be subject to any fees. In addition, there will also be no service fees, credit checks or registration requirements.
The company reportedly makes a profit on the spread when converting to US dollars.
Coinbase has said cardholders will be able to change the crypto in which they wish to receive the cashback, including BTC, ETH, DAI, DOGE, XLM, AMP, ALGO and RLY.