Coinbase, an Exchange based in San Francisco, California, has introduced in Europe and Australia Cryptocurrency gift cards. The company has entered into a partnership with WeGift, a FinTech company based in London. This allows its users to convert cryptocurrency into gift cards from more than 120 retailers such as Nike, Tesco, Uber, Google Play, Ticketmaster, Zalando and many more.
This new service is currently available for users in the UK, Spain, France, Italy, the Netherlands and Australia. Coinbase will increase the number of retailers and markets in the next three months, and soon also in other countries.
Zeeshan Feroz, Coinbase CEO (UK) said:
To trade crypto-currencies easier and spend is an essential part of our mission to improve the customer experience.
Customers who purchase an E-gift card, benefit from one-time withdrawal fees and bonuses for selected electronic gifts. If customers convert Bitcoin in Uber Credits or Ether in a Nike shopping spree, you will have more control over how you use your crypto-currency. The complete procedure is explained here.
More Zeeshan said:
If you want to make your first E-gift card purchase with your Coinbase account, visit wegift the website.io/coinbase
This will make Coinbase the first trading platform, the direct withdrawals in E-gift cards. Coinbase was founded in June 2012, a digital currency platform is able to act on the customer with new digital currencies such as Bitcoin, Ethereum, and Litecoin.
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