Major bitcoin exchange Coinbase launched a feature yesterday that lets its European customers buy virtual gift cards with cryptocurrency. By partnering with a London-based gift card startup called WeGift, Coinbase now offers gift cards that can be spent at over 120 retailers, which could solve the problem of many stores not accepting cryptocurrency.
Most stores still don’t accept cryptocurrency as a form of payment, but with this feature you can work around that. When you purchase a gift card through the program, there’s often a small bonus percentage of 1 to 9 percent that WeGift will offer you, and Coinbase promises to charge zero withdrawal fees for converting your cryptocurrency this way.
YOU CAN SPEND YOUR BITCOIN AND ETHEREUM AT GOOGLE PLAY AND TICKETMASTER
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