“The program will initially only be available to customers in the U.K., Spain, France, Italy, the Netherlands and Australia, though Coinbase ultimately plans to expand into other countries.”Moreover, according to Bloomberg, a spokesperson from Coinbase has said:
“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.”This is a novel concept but indeed acts as a great simulation of how cryptocurrency might exist in the mainstream. Moreover, this can be used to make very wise investment choices and can even be used to make your daily shop a little cheaper. As it is online and instant, users are able to convert their crypto to gift cards in an efficient manner that in turn, could help you save money. Most importantly though, this sort of service continues a guaranteed flow of cryptocurrency, encouraging more spending and more buying, a prospect that can only be promising in today’s climate.