Coinbase Extends "Encryption for Encryption" Services to 11 More Countries


The leading purse of cryptocurrency in the United States, Coinbase, has expanded its "encryption-to-cryptography" trade to more countries, according to an article published on its blog April 17.

Coinbase and its professional Coinbase Pro trading platform have introduced encryption and encryption conversions for 11 more countries in Latin America and Southeast Asia. The product is now also available for Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Philippines and New Zealand.

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Coinbase customers in the mentioned countries can now store, negotiate, send and receive encrypted coins. The exchange indicates in the post that crypto-crashes are moving from the current "investment phase" to the "utility phase" after a series of new use cases. Coinbase explains this:

"This could take the form of decentralized versions of traditional financial services, such as loans or micropayments, or truly new cryptographic applications that no one has yet thought of. The ability to convert from one cryptogram to another will form the backbone of this new decentralized economy ".

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Coinbase recently introduced several new developments, including the addition of support for EOS (EOS), Augur (REP) and Maker (MKR) and expansion for cross-border payments. It is said that this latest development allows users to send and receive money instantly as well as convert them to the local currency.

In early April, Coinbase also launched the Coinbase Card with Visa, which allows its UK customers to pay in-store and online with crypto-coins. The new service enables Coinbase to instantly convert funds into customer's cryptographic currencies in cash to complete the purchase.

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