Users from Europe and Australia can now use e-gift cards to spend their Coinbase crypto balance.
The San Francisco-based cryptocurrency exchange sees it as offering their clients “greater flexibility and control over how they use their crypto.”.
Coinbase announced that direct withdrawals to e-gift cards are available to European and Australian clients starting today.
It was made possible thanks to a partnership with a London-based startup Wegift, which allows customers to use their cryptocurrency with many known retailers. Google, Nike, Tesco, and many more, are available.
“Customers purchasing an e-gift card will enjoy zero Coinbase withdrawal fees and bonuses on select e-gifts. From converting bitcoin into Uber credits or ether into a Nike shopping spree, customers will have greater flexibility and control over how they use their crypto,” – Zeeshan Feroz, Coinbase UK CEO, explained and added:
“Making crypto easier to use, trade and spend is a core part of our efforts to improve the customer experience. With the launch of e-gift cards, customers now have the option to spend their crypto balances, realizing its value to buy tangible things or experiences.”
Do you think that cryptocurrency e-gift cards will gain popularity? Will you use them? Share your thoughts in the comments below!