Coinbase launches crypto debit card in U.S. with 1% Bitcoin reward

Owning cryptocurrencies like Bitcoin has long come with a drawback: There are few practical opportunities to spend them since so few merchants accept them and, for those stores that do, transactions can take 10 minutes or more to clear.

Now, cryptocurrency giant Coinbase is hoping to change that by rolling out a debit card that can be used at any business that uses the Visa network. The card will allow customers to draw funds from various cryptocurrency accounts, while letting the merchant...