Coinbase just announced a new service that lets customers in the EU and Australia pay for an Uber with crypto. By partnering with London-based startup WeGift, Coinbase customers can now cash out their crypto holdings by transferring crypto balances onto e-gift cards. Transfers are free, allowing customers to convert Bitcoin into Uber credits.
In addition to the zero-fee Coinbase withdrawals, the popular cryptocurrency exchange is also offering bonuses on select e-gifts. Along with Uber, a list of retailers is on board to help Coinbase customers spend their crypto with e-gift cards, including Nike, Tesco, Google Play, Ticketmaster and Zalando.
Retailers
• Ted Baker +8% bonus
• Global Hotel Card +7% bonus
• Great British Pub Card +7% bonus
• Greene King +7% bonus
• House of Fraser +7% bonus
• L.K.Bennett +7% bonus
• Mitchells & Butlers +7% bonus
• All Bar One +6% bonus
• Debenhams +6% bonus
• Halfords +6% bonus
• New Look +6% bonus
• Nike +6% bonus
• B&Q +5% bonus
• Bloom & Wild +5% bonus
• Caffè Nero +5% bonus
• Cineworld Cinemas +5% bonus
• Clarks +5% bonus
• Costa +5% bonus
• De Bijenkorf +5% bonus
• Evans Cycles +5% bonus
• Inspire +5% bonus
• Zalando +5% bonus
• Decathlon +4% bonus
• Ernest Jones +4% bonus
• H.Samuel +4% bonus
• M&S +4% bonus
• Argos +3% bonus
• John Lewis +3% bonus
• Mothercare +3% bonus
• Thomas Cook +3% bonus
• Ticketmaster +3% bonus
• Bol.com +2% bonus
• Google Play +2% bonus
• JB Hi-Fi +2% bonus
• Tesco +2% bonus
• Uber +2% bonus
• Carrefour +1% bonus
Coinbase is rolling out the service in the UK, Spain, France, Italy, Netherlands and Australia, with plans of expanding into new markets with more retailers over the next three months.
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