Coinbase Announces Gift Card Service For Europe & Australia

August 1, 2018
19 Views


US-based cryptocurrency exchange Coinbase has partnered with WeGift to launch a gift card service that will enable users to withdraw and spend digital currencies directly with ease. A report on their blog confirmed the latest partnership with the London-based company and revealed further details about what users could do with the e-gift card service.

Customers can now spend their cryptocurrency balances on the Coinbase exchange while purchasing from retailers like Nike, Tesco, Uber, Google Play, Ticketmaster, Zalando, and many more. For instance, users could convert their Bitcoin into Uber credits or their Ether into a Nike shopping spree, allowing them to live the cryptocurrency era by using the digital currencies on a daily basis. WeGift cards are currently accepted in over 120 retail stores and this cooperation surely will promote cryptocurrency usage to purchase a varieties of tangible products. 

To attract its broad customer base to the new service model, Coinbase announced “zero withdrawal fees and bonuses” for users who purchase the e-gift cards or buy selected e-gifts on offer by the retail companies. While the exchange company has promised to increase the number of retailers and markets on which the e-gift cards can be spent within the next three months, it also hopes to roll out the new service to users in other countries soon after.

For the time being, only Coinbase users in the UK, Spain, France, Italy, Netherlands, and Australia can enjoy the newly launched e-gift card service. However, this is not the first time that Coinbase introduces a cooperation with an online gift card service. In 2013 the top-ranked exchange rolled out a cryptocurrency gift card program in partnership with eGifter, another online gift card platform based in New York.

The new service stands out, since it is the first time in the cryptocurrency industry that an exchange offers “direct withdrawals into e-gift cards.” Its adoption will undoubtedly increase mainstream recognition for cryptocurrencies.

 

Featured Image via BigStock.



Source link

You may be interested

SEC Delays Bitcoin ETF Decision to September and more in Today’s CRYPTO News
Video
16 views
Video
16 views

SEC Delays Bitcoin ETF Decision to September and more in Today’s CRYPTO News

Editor - August 15, 2018

News links for today: Blockchain To Allow $27 Billion Annually In Savings For Banks By 2030 ... source

Coinhive Mints Quarter Million Dollars in Monero a Month, Report Reveals
Bitcoin News
12 views
Bitcoin News
12 views

Coinhive Mints Quarter Million Dollars in Monero a Month, Report Reveals

Editor - August 15, 2018

[ad_1] Тhe profitability of cryptocurrency mining is decreasing on the backdrop of this year’s persistently bearish markets but Coinhive seems…

Pre- And Post-Market Bubble: A Look At How The Costs of Launching An ICO Changed
ICO News
11 views
ICO News
11 views

Pre- And Post-Market Bubble: A Look At How The Costs of Launching An ICO Changed

Editor - August 15, 2018

[ad_1] Despite the crypto bear market we’re experiencing, Initial Coin Offerings (ICOs) have maintained a resilient and growing presence, having…

Leave a Comment

Your email address will not be published.