A great news for the customers of Coinbase cryptocurrency exchange as it has partnered with a digital gift card startup. This will enable the users to spend their cryptocurrencies stored in their Coinbase wallets. Currently, Coinbase supports Bitcoin, Bitcoin Cash, Litecoin, and Ethereum, soon it is going to add some more.
The name of the gift card is ‘WeGift’, it is basically London based Fintech startup. This will allow the users to connect them fundamentally with around 120 retailers including Uber, Tesco, Ticketmaster, Amazon and many others.
The official website of WeGift describes its features and usages in an appropriate manner. It is a zero swap fee that will also provide a bonus of 5% in your gift card value, once you convert crypto from the customers Coinbase account.
Coinbase UK CEO, Zeeshan Feroz confirmed that customer’s buying an e-gift will get an offer to enjoy zero Coinbase withdrawal fees and have an advantage if chosen e-gifts.
The launch of WeGift has huge benefits for the customers. It opens a wide range for the users to spend their crypto balances as per their need on buying physical goods and services. This allows customers greater flexibility and control over their crypto balance.
The point to be noted here is that cryptocurrency is being less accepted in major brands. Expedia, the giant travel booking silently removed its Bitcoin (BTC) payment mode in June, while other firms have given a positive response in connection with cryptocurrency.
Coinbase also expanded its market in Japan, it is regarded as one of the largest crypto trading markets in the world.
With the launch of WeGift, the users will have a variety of option, they can make the best use of this gift card.
Well, the services are only introduced for users in the United Kingdom, Spain, France, Australia, Italy and the Netherlands. However, the sources have confirmed that within the next three months it will enable in other markets soon.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.