Global payments provider Paysafe has announced its role in the launch of the Coinbase Card.

The cryptocurrency exchange’s new Visa debit card, which is issued by Paysafe, is now available across the UK and is soon to be rolled out across Europe.

The new Coinbase Card makes cryptocurrencies within a Coinbase account as easy to spend as traditional money, by instantly exchanging the cryptocurrency for GBP or other fiat currencies that can be accessed through the card.

Customers can use their card to make contactless payments, chip and PIN transactions or withdraw cash from their Coinbase digital currency wallet at an ATM.

Globally, Coinbase stewards more than 30 million accounts and more than $220bn in assets have been traded on Coinbase.

The Coinbase Card links to a mobile app, developed in partnership with Apto Payments (formerly known as Shift Payments), providing users with spending summaries, receipts and notifications, and where users can choose which cryptocurrency they want to spend.

Lorenzo Pellegrino, CEO – Skrill, Neteller and Income Access at Paysafe Group, responsible for Paysafe’s Issuing division, said: “Having experienced the growth of the cryptocurrency market first hand, we’re excited to support Coinbase with its latest innovation. This is a major milestone for the cryptocurrency ecosystem in the UK, by introducing a secure yet instant and simple way for consumers to use the value of their cryptocurrencies in the real world.”