Coinbase Has Introduced An E-gift Card, A New Way For Customers To Spend Their Crypto
Coinbase announced on the 25th July 2018 that their customers in the EU and Australia will be able to spend their cryptocurrency on e-gift cards. The first platform to offer direct withdrawals into e-gift cards. Customers are now able to buy bitcoin to spend within stores.
Those using the e-gift card will be subject to zero-fee withdrawals and bonuses on certain cards. Users have the flexibility to convert their crypto to use in stores such as Tesco and Google Play. Some of the other retailers accepting the e-gift card include Nike, Uber, Ticket Master, Zalando and more.
Availability of the service is currently only in the UK, Spain, France, Italy, Netherlands and Australia. Coinbase hopes to increase the number of retailers, crypto markets available and expand into other countries.
The service is intended to make cryptocurrency easier to use, spend and trade bitcoin for an improved user experience. With the release of their e-gift card, customers are starting to comprehend the uses of crypto as they can spend their crypto investment with ease.
Perhaps we could see further developments in this space for greater use cases for cryptocurrencies. One of the major issues now is their liquidity and functionality in the current economy which Coinbase is addressing.
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