Coinbase offers e-gift cards with cryptocurrency for its clients in Europe and Australia. The company believes that in this way provides users with «the greatest flexibility and control over how they can spend their cryptocurrency».
Coinbase, the cryptocurrency exchange of San Francisco that supports bitcoin, Bitcoin, Cash, litecoin, and Ethereum, this week announced that it now offers direct withdrawal to e-gift cards for its customers in Australia and some European countries. This means that users will be able to instantly spend your money with exchange using the gift cards.
The innovation was implemented by partnering with London startup Wegift. Now customers can use their cryptocurrency to pay for goods of many well-known retailers such as Nike, Tesco, Uber, Google Play, Ticketmaster, Zalando and others. This new service is currently available in the UK, Spain, France, Italy, the Netherlands and Australia. In addition, Coinbase promises to increase the number of partners and markets over the next three months and plans to expand the service to other countries during the year.
«Customers who buy an e-gift card will be able to take advantage of the zero Commission Coinbase for withdrawals on the card, and also get certain bonuses when you purchase some cards. Due convert bitcoin in Uber credits or ether in points Nike, customers have greater flexibility and control over how they use their cryptocurrency,» said Zeeshan Feroz (Zeeshan Feroz), CEO of Coinbase UK. He also added:
«Simplifying the use and spending of crypto-currencies or trade is a major part of our efforts to improve the quality of customer service. With the launch of the electronic gift cards users have had the opportunity to spend their cryptocurrency, using their value for the purchase of material things or services.»
Over the past several months, Coinbase has been on the front pages of the trade media. In June, the company announced that opens a division in Japan and in the same month said it plans to become the world’s first regulated broker cryptocurrency. Shortly after that, Coinbase has launched a cryptocurrency index Fund for accredited American investors, giving them access to all cryptocurrencies traded on the stock exchange GDAX.
In July, Coinbase announced receipt of a green light from US regulators who approved the purchase of the company three companies – Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC. This meant that Coinbase became the first regulated on the Federal level platform, which will be traded for tokens of the action.
However, a few days, this statement was refuted by the Vice President for communications, Rachel Horwitz (Rachael Horwitz), which explained that «officially, the SEC did not participate in the buying process of companies and the approval of the regulator is not required for applications for transfer of control». Anyway, this does not prevent the company to obtain the status of a licensed broker-dealer, as stated.