“Gift Cards Full Of Cryptocurrencies” New Coinbase Option

Coinbase Major secure online platform for buying, selling, transferring, and storing digital currency has started a program which will allow its users to fundamentally withdraw their cryptocurrency into gift cards that can be used at over 120 retailers.

According to the statement Coinbase mentioned that the new option was made viable due to a partnership with UK-based startup WeGiff. The option actually allows cryptocurrency holders to pay for goods and services through brands and labels such as Nike, Tesco, Uber, Google Play, Ticketmaster, Amazon and Tesco. Customers will also get bonus credit on some of their e-gift card purchases. Gift cards for Nike, Ticketmaster and Uber offer six percent, three percent and two percent bonuses, respectively, for example.

In the blog post it is indicated that the new service will be at the beginning of its operational activity be available in the UK, Spain, France, Italy, the Netherlands, and Australia. As per reports the option will be expanded and used in other countries “over the next three months”.

The new service started its activity after the operator’s capacity increase in Europe this year after the San Francisco-based crypto giant received an e-money license by the Financial Conduct Authority (FCA).

 

 

 

 

 

 

 

The post “Gift Cards Full Of Cryptocurrencies” New Coinbase Option appeared first on Bitcoin News.

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