Coinbase has released some data on the performance of its new Bitcoin Debit card Shift which launched two months ago.
Shift has quickly emerged as one of the most successful apps to launch with Coinbase. Here’s a few insights on Shift Card usage:
User Signup and Spending Growth
Since launch in November, over 10,000 people have signed up for the card and spent over $1,000,000 worth of bitcoin.
It will be interesting to see if these products drive users to store more wealth in Bitcoins as they have the ability to spend now almost anywhere that a debit card is accepted and without the need to sell Bitcoins in advance.