In line with a recent official ‘web-blog‘ post published, leading American cryptocurrency exchange and digital wallet supplier named ‘Coinbase’ has expanded its crypto-to-crypto trading services to a lot more additional countries.
Coinbase along with its pro trading platform named [Coinbase Pro] have introduced crypto-to-crypto conversions and commercialism to 11 new additional countries within Latin America and Southeast Asia. The product is presently conjointly available for the citizens of Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines as well as New Zealand.
Coinbase individuals within the mentioned countries can currently store, trade, transfer, and receive cryptocurrencies. The exchange suggests within the post that cryptocurrencies’ are moving from the present “investment phase” into the “utility phase” following several new use cases.
Explaining further, Coinbase added:
“This might take the form of decentralized versions of traditional monetary services like lending or micro-payments or really novel cryptocurrency apps that nobody has even thought of yet. The flexibility to convert from one crypto-currency to another can form the backbone of this new decentralized economy.”
Just recently, Coinbase ‘introduced‘ many new developments, as well as adding support for Eos [EOS], Augur [REP] and Maker [MKR] and ‘expanding‘ its services further into cross-border payments. The latter development reportedly permits users to transfer and receive money instantly, along with converting them into native currency.
Even earlier in April, Coinbase conjointly ‘launched‘ [Coinbase Card] with Visa, that permits its U.K. based customers to pay in-store and on-line with cryptocurrency. The new service permits [Coinbase] to instantly convert customers’ cryptocurrency funds into the fiat currency so as to complete the purchase.