A Coinbase WeGift partnership has been struck, bringing crypto gift cards to Europe. The partnership allows crypto investors to cash out their crypto assets and convert them to digital gift cards.
Coinbase Inc. is one of the largest cryptocurrency exchanges today, and it doesn’t seem to be losing momentum in spite of the recent setbacks in the industry. In fact, it was recently granted approval by the SEC, giving it a one-of-a-kind status in the sector. WeGift is a startup based in London dealing with gift cards.
The cryptocurrency exchange has integrated its wallet services with the London-based startup so that customers can use their coins in their wallet to buy WeGift cards, which can be used in more than 120 retailers in Europe.
Coinbase currently supports Bitcoin, Bitcoin Cash, Litecoin, and Ethereum – with more reportedly to be added in the future. For the moment, the Coinbase WeGift partnership service is only available in the UK, France, Italy, the Netherlands, and Spain.