Coinbase Shares Day 1 of “12 Days of Coinbase” Celebration, Allows Users to Spend Crypto on e-Gift Cards
Coinbase users can now spend their crypto balances using e-gift cards. The update was announced as part of the San Francisco-based company’s “12 Days of Coinbase” holiday celebration.
12 Days of Coinbase is taking place from December 10 to 21. On each of the 12 days, Coinbase will unveil a major update enhancing the user experience on the platform.
“We often hear from customers that they want to be able to do more with their cryptocurrency,” explained Coinbase in the blog post announcing the first day of 12 Days of Coinbase.
“We’ve spent 2018 focused on behind-the-scenes utility work to help them do just that. This work has culminated in 12 big updates that we’re excited to share with the community.”
The first day of the celebration is already exciting for users. Coinbase has announced that you can now spend crypto on electronic gift cards.
Now, this isn’t a new feature for certain Coinbase users. Coinbase users in the United Kingdom and EU have already been able to load crypto onto gift cards for months. Today’s update specifically affects U.S. users.
“Starting today, e-gift cards are available through our program with WeGift (previously in the UK and EU only) and can be purchased at dozens of great vendors, including Uber, Nike, and many more. Getting started is easy — visit WeGift to link your Coinbase wallet and you can immediately spend crypto on e-gift cards.”
Coinbase’s gift card program is a very cost-effective way to spend your crypto. Customers who purchase e-gift cards through Coinbase will have no withdrawal fees.
Additionally, certain vendors will give you a bonus of up to 10%. It’s one of the easiest way to spend crypto – although you’re limited to retailers on the WeGift platform.
Coinbase customers in the US can now spend crypto balances on @WeGift e-gift cards—just in time for the holidays.
— Coinbase (@coinbase) December 10, 2018
WeGift is a London, UK-based business that aims to create a global standard for digital gift cards. Some of the major merchants available through the WeGift platform include Ticketmaster, Tesco, Google Play, Nike, and Zalando.
You can start buying e-gift cards using your Coinbase balance by visiting the WeGift website here: https://wegift.io/coinbase/ This is the first day of Coinbase’s 12 Days of Coinbase celebration. There will be 11 more major updates over the next 11 days – and we can’t wait to see what Coinbase has in store next.