February 19, 2020 Visa approves Coinbase as a principal member.

Coinbase, a cryptocurrency exchange, announced Wednesday that Visa has granted it principal membership. As a principal member, Coinbase may issue debit cards for itself and others. These Visa approved debit cards allows users to spend crypto anywhere where Visa is accepted, regardless of whether the merchant accepts cryptocurrency. Reportedly, the agreement makes Coinbase the first cryptocurrency company to hold this status.