Coinbase Brings Crypto Gift Cards to Customers in Europe and Australia

[Henrikbliss]

Coinbase has announced a new partnership that will enable customers in Europe and Australia spend their cryptocurrency at major retailers and services including Nike and Uber.

The cryptocurrency exchange 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.

Customers purchasing an e-gift card will enjoy zero Coinbase withdrawal fees and bonuses on select e-gifts, WeGift explained on its website.  The service also includes zero swap fees alongside an average bonus of 5% in gift card value after converting crypto from the user’s Coinbase account.

“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,” Coinbase UK CEO Zeeshan Feroz said in an announcement.

Read More: https://news.bitzamp.com/coinbase-brings-cryptocurrency-gift-cards-to-customers-in-europe-and-australia/

[CryptoZenWorld]

That's a good news. If we can use cryptocurrency in our daily life, that means crypto will exist and it will be hard to avoid crypto for any country and govt.

Thanks to Coinbase.

[felixesteban]

That's an amazing news for cryptolovers. To be able to use this card, especially in giant companies such as uber and Nike is really great.

[cryptothief]

Gift cards is a start, but a long way behind the actual companies themselves accepting it. I like the zero withdrawal fee aspect, that's a definite plus. In this instance, I guess WeGift is taking on all the 'risk'. I'm looking forward to a point (in the not too distant future) when I can spend my crypto anywhere and on anything. Slowly but surely.