Coinbase has launched a new product – Gift Cards – according to their July 25 blog post; they are allowing customers in the EU and Australia exchange coins for brand e-certificates.
Coinbase stated: “By partnering with WeGift, our customers can now spend their crypto with all their favourite retailers, like Nike, Tesco, Uber, Google Play, Ticketmaster, Zalando, and many more.
“Customers purchasing an e-gift card will enjoy zero Coinbase withdrawal fees and bonuses on select e-gifts. By 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.”
The new service will initially be available in the UK, Spain, France, Italy, the Netherlands, and Australia, with plans to expand both the number of retailers and markets “over the next three months, as well as looking to expand into other countries soon after.”
With very few brands accepting crypto payments – Expedia – The travel booking company had subtly removed their BTC payment option in June.
Many brands who still accept crypto payments have positive reviews of the method. Freedom of the Press Foundation had received a donation of 1,000 Ethereum on its first day adding crypto payments.