Shift Card is a new, US-issued, bitcoin debit card from Shift. The VISA debit card allows Coinbase users to utilize their bitcoins to purchase items in any location that accepts VISA via Coinbase Connect, rather than being limited to merchants that support bitcoin. When making a transaction the value of bitcoin, based on the current Coinbase spot price of bitcoin, will be debited from the associated Coinbase wallet as would normally be the case for any VISA purchase.
Available to Coinbase users who connect their account and pay a $10 fee (which is paid using your bitcoin), the current offer is for transactions with domestic merchants to be fee-free although there may be changes in the future to charge a bitcoin conversion fee. Withdrawals from ATMs, both local and international will have a minimum of a 2.5% and 3.5% fee respectively, whilst international transactions will carry a 3% charge.
At this point in time, the Shift Card is only available to residents of 24 U.S. states and territories: Alabama, Arizona, Delaware, District of Columbia, Georgia, Idaho, Iowa, Kansas, Maine, Mississippi, Nebraska, Nevada, New Jersey, North Carolina, North Dakota, Oklahoma, Pennsylvania, Puerto Rico, South Dakota, Texas, Vermont, Washington, West Virginia and limited beta testing access in California. Other states will be added when it is possible.
Shift also has an app to allow iPhone and Android users to check their account balance, check transaction details and edit and add account information. Dwolla is also supported by the card and app.