Shift Card, a US-based VISA credit/debit cryptocurrency card that enabled consumers to spend directly from their Coinbase wallets, has announced that it will be shutting down.
In a letter sent to customers, Shift Card said the cards will continue operating until they shut down on April 11, 2019, but they “plan to relaunch the program and issue new cards in the near future”. However, the letter did not state the reason for shutting down nor the schedule for relaunching. Shift was launched in 2015 and issued its cards through the Metropolitan Commercial Bank.
The shut down will leave American cryptocurrency user with little options in terms of cryptocurrency credit/debit cards, which greatly inhibits further cryptocurrency adoption and value offerings.