Topic: [2018-07-25] Coinbase Enables Cryptocurrency Gift Cards in Europe and Australia (Read 138 times)
July 25, 2018, 03:33:00 PM
Gift Card seems to be a simple alternative to buying products using Bitcoin. Being an extremely volatile asset and because it is difficult to find good credit cards at this time, having options to buy gift card to use in stores seems to be very simple and practical.
July 25, 2018, 08:11:15 AM
Cryptocurrency exchange giant Coinbase has struck a new partnership to enable customers in Europe and Australia spend their cryptocurrency at major retailers and services including Nike and Uber.
Coinbase is partnering WeGift, a London-based FinTech startup for the new service which allows its users to fundamentally withdraw their cryptocurrency into gift cards that can be used at over 120 retailers including Uber, Amazon and Tesco, among others.
The upside, WeGift explains on its website, is zero swap fees alongside an average bonus of 5% in gift card value after converting crypto from the user’s Coinbase account. ‘Customers purchasing an e-gift card will enjoy zero Coinbase withdrawal fees and bonuses on select e-gifts,’ Coinbase UK CEO Zeeshan Feroz said in an announcement.
“With the launch of e-gift cards, customers have a new option to spend their crypto balances, realizing its value to buy tangible things or experiences,” he added, underlining the benefits of enabling users to spend their cryptocurrency for physical goods and services.
See more - https://www.ccn.com/coinbase-enables-cryptocurrency-gift-cards-in-europe-and-australia/
Coinbase is partnering WeGift, a London-based FinTech startup for the new service which allows its users to fundamentally withdraw their cryptocurrency into gift cards that can be used at over 120 retailers including Uber, Amazon and Tesco, among others.
The upside, WeGift explains on its website, is zero swap fees alongside an average bonus of 5% in gift card value after converting crypto from the user’s Coinbase account. ‘Customers purchasing an e-gift card will enjoy zero Coinbase withdrawal fees and bonuses on select e-gifts,’ Coinbase UK CEO Zeeshan Feroz said in an announcement.
“With the launch of e-gift cards, customers have a new option to spend their crypto balances, realizing its value to buy tangible things or experiences,” he added, underlining the benefits of enabling users to spend their cryptocurrency for physical goods and services.
See more - https://www.ccn.com/coinbase-enables-cryptocurrency-gift-cards-in-europe-and-australia/
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