Bitcoin Forum

Coinbase has integrated its wallet services with WeGift, a London-based online gift card platform, and now allows users to purchase gift cards with cryptocurrency stored in their Coinbase wallets. Currently, the exchange supports bitcoin, bitcoin cash, litecoin and ethereum, with more likely to be added soon. Based on information provided by WeGift's website, gift cards purchased by cryptocurrencies can be used in over 120 retailers that accept WeGift, including Tesco, M&S, Uber, Carrefour, Google Play and Costa.

Now it is understood that the way to spend are prepaid cards, gift cards, cards for various markets. Conbase is seeing all the ways to establish itself as a leader.

Now Coinbase now offers electronic gift cards backed by crypto currencies in selected markets in Europe as well as in Australia.

Gift cards are the best replcament of paper money,I guess. ;D
It would be easier for the people to adopt cryptocurrenices if they combine them with something they are already familiar with-giftcards.This is a pretty clever idea by Wegift and Coinbase.I`m not a big Coinbase fan,but they have a good expansion strategy.

coinbase has reliable security, so far I have not heard the news of the coinbase being exposed to the problem of rampant hackers in many reputable exchanges, perhaps this is the reason many companies choose coinbase

Wow! This is great! I can now send cryptocurrencies as gift via gift cards :) I hope that it will expand faster not only in Europe but also here in Asia. I love it if my favorite coins will be added also on their list. Crypto is really being accepted now worldwide. More projects like this in the future ;)

Source: https://www.engadget.com/2018/07/25/coinbase-convert-cryptocurrency-gift-cards/

I don't use Coinbase, but it might be actually useful for people who don't want to bother with selling their bitcoins and withdrawing fiat. However, it is not a solution to lack of shops which accept cryptocurrencies.

Personally, I would rather print a paper wallet which I would put in an envelope and teach the other person how to move bitcoins associated with the private key of that wallet instead of buying e-gift card.

Few years from now there will be a lot of people that will be adopting crypto. With this kind of strategy that coinbase and Wegift is exhibiting, they are also promoting the name of crypto by tying it up into gift cards. This will surely have huge impact on the performance of crypto market.

Thanks for sharing this. I think gift card is the best replacement of actual money. Now I am pretty clear they way to use prepaid cards, gift card in various market. Coinbase is seeing its way that to reach it as a leader.

Copinbase is trying to make their appearance more stable and clear to people by offering various services and Gifts. With this, It will gain more popularity though it has a leading Benchmark in the market. Gift offers would be really appreciated by American and European  crypto enthusiasts as well as us. It must give us such kind of gifts also.

Yeah this is a clear move into the mainstream. I've seen a few projects around that center around giftcards in an attempt to give people an easier way to spend their money. It's a good concept for sure. Certainly would make more people think that they can use bitcoin.

I wonder what the tax obligations would be on that? How do they handle reporting? Or maybe coinbase is just reporting everything in your account anyway, and it doesn't matter if it goes out through the gift cards or not.

I hope Bitcoin increases more after long time. The big investors will come back soon to invest on bitcoin again. And then last of 2018 it will be approximately 10k$

Stunning! This is awesome! I would now be able to send digital forms of money as blessing by means of gift vouchers. I trust that it will extend quicker in Europe as well as here in Asia. I cherish it if my most loved coins will be included likewise their rundown. Crypto is truly being acknowledged now around the world.

This could make a big difference to the acceptability of crypto if the retailer is aware, however if the retailer is unaware that the customer is spending crypto there will be no advantage except possibly as a money laundering tool.

According to me Coinbase has done the right thing of thinking out of the box and came up with such useful service. Gift cards are very convenient to use and unique too considering the crypto market. Coinbase has definitely gain more popularity due to this decision. Which is a great news for all the parties involved.

The Coinbase Gift Cards are really a great way to encourage new users to join the Crypto World and provide a first approach to getting in touch with the cryptos.

Coinbase is really doing amazingly well in the world of crypto. I like how they go about their operations, this is a great addition to their amazing services. I like how simple it is to perform transactions using coinbase.

I am very glad knowing this news. To me coinbase has a great user experience. It’s very easy for the new investor to understand how to buy and sell on it. Besides that they have a trusted reputation.

Coinbase online wallet is one of the most popular and secured wallet and trusted in terms of buying altcoins coinbase upgrade their capabilities to serve better to the users and this moves coinbase to become useful and popular again into the user's.

Another great decision and a step forward for the growth and adoption of crypto as a form of value reserve and lucrative investment option

Coinbase is adding a value to their exchange and I think new service will help it to increase the name of its brand.

Coinbase is a very famous and popular crypto wallet in our country, But In Bitcointalk forum, CXoinbase seems underrated. I love this exchanger come wallet more than any bitcoin wallet. This year, Coinbase is taking a much good decision to increase its platform, and they have a plan to support ERC20 Coins too! And now Coinbase launches Crypto gift car5d service, But only for Europe. I think it is a limitation of coinbase, in many countries, coinbase limited their services. But I hope as conbase increasing its platform so we can hope that Crypto gift card will be available for all country, and it will be a new amazing thing for the crypto lovers.

They have nice vision and their team also seems good. It is great that they have already raised their fund. I think i need to check some more reviews about them.

Wonderful job by Coinbase. Their strategy is impressive. I like the way how they are expanding the sectors and utilizations of cryptocurrency.

Even though it seems to be monopoly economy but my opinion it's good for Bitcoin distribution it self, because many people can using their Btc to many option transaction. Coinbase can be good example for others exchanges to do the same thing and promotes Bitcoin widely.

I thinks it's really cool. Day by day cryptocurrency are implemented in different sector. It is a great thing for crypto lovers. It looks like cryptocurrency is going to dominate soon.

Cryptoassist has shown some amazing advantages of their platform. I think i should study more about their project. Till now they have good reviews.

That's a great news. I hope this service will be enable for all over the world soon. It's a pleasure to see cryptocurrency is being accepted everywhere.

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This is another cryptocurrency promotion and as we all know that coinbase is one of the biggest crypto exchange in the world. Thus, the need for expansion will help the company to establish a good rapport among the investors and their exchange. This gift card will help promote also their exchange. This is one of the basic in marketing that one should have even though how establish your company is it will not matter because the important thing is that rapport or establishing efforts on the clients to maintain its relationship.

This is massive and simply allows for an indirect way to spend Bitcoin, Bitcoin Cash,
Ethereum and litecoin with 100's of retailers who dont accept crypto directly.
I will be able to buy weekly groceries with Crypto (in a slightly round-a-bout way)

The idea of including gift cards seems a really cool one to me and I'm actually liking it. It's so evident that Coinbase is working hard to go to a whole another level, making it different from the others. I bet this has managed to attract many and I'm included in it obviously. I'm really excited and looking forward to use this feature of Coinbase.

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This is a good news to hear. Although it is just buying gift card today, it is a step to more products and services in the future. Kudos to coinbase.

People can buy products I hope Amazon and other ecommerce sites will sell their gift cards through Coinbase also accepts direct payments in the form of bitcoin or other electronic money. This change to the wallet than any wallet. Their strategy is very impressive

It's nice that Coinbase is implementing that would be recognize easily. I think what they did is a good step to introduce cryptocurrency in a light way and with less hassle. They are giving cryptocurrency another way to be use and this adoption would surely be put in good use.

I have not seen such gift cards anywhere! I know that in Australia you can buy a coupon with a certain amount of bitcoins and exchange it for money! such coupons will be very popular among many people!