Coinbase in partnership with the London start-up WeGift will allow customers to exchange cryptocurrency assets for gift certificates for goods and services of more than 120 retailers. This is reported by Bloomberg Crypto.
Whether it’s converting Bitcoin into Uber credits or Ethereum into an ASOS e-gift card, customers will have greater flexibility and control over how they use their crypto. With the launch of e-gift cards, customers have a new option to spend their crypto balances, realizing its value to buy tangible things or experiences.
Initially, the service will be available only to residents of Spain, Italy, France, the United Kingdom, the Netherlands and Australia.
Previously, Facebook allowed Coinbase ads.