For a long time, the main barrier to mainstream adoption of cryptocurrencies has been the unwillingness of retailers to make the changes necessary to use them. Given the risks that massive fluctuations in these markets present to retail businesses, it’s understandable that they’d be reluctant to accept Bitcoin or other staple coins.
A new partnership established between VISA and Coinbase seeks to bypass the adoption requirement for retailers entirely, allowing their customers to make purchases in cryptocurrency that would be instantly converted to fiat through a backend powered by the latter.
The Coinbase card, Computer World reports, will be linked to ...