Coinbase and Amex Launch Bitcoin Rewards Credit Card
- Coinbase collaborates with Amex for bitcoin rewards card.
- Offers up to 4% back in bitcoin.
- Aims to increase bitcoin utility and USDC engagement.
Coinbase partners with American Express to launch a new credit card offering up to 4% bitcoin rewards for U.S. customers.
The initiative by Coinbase and Amex marks a significant step in integrating crypto into everyday purchases, with potential effects on market trends.
Coinbase-Amex Join Forces for Bitcoin Rewards
Coinbase has partnered with American Express to offer a bitcoin rewards card, aiming to integrate cryptocurrency into everyday spending. The card allows users to earn up to 4% back in bitcoin.
The card, officially issued by First Electronic Bank, requires a Coinbase One subscription. This partnership leverages the Amex network to deliver the rewards.
Bitcoin Utility Boosted by 4% Rewards Card
The card could significantly increase bitcoin utility by introducing crypto rewards for everyday purchases. This move is expected to enhance user engagement and broaden crypto adoption.
Market reactions suggest a positive outlook, with the card set to influence BTC flows. The initiative strengthens Coinbase’s position in the crypto market. “Our focus is on practical, compliant applications that create long-term value for customers. The new Coinbase One Card will benefit from Amex’s secure, innovative network, designed to deliver trusted, seamless experiences for Card Members in an evolving payments landscape.” – Luke Gebb, Executive Vice President, Amex Digital Labs, American Express.
New Standard Set with 4% Crypto Rewards
Previous crypto rewards cards, such as those from Gemini and BlockFi, offered fewer bitcoin returns. This partnership sets a new standard with up to 4% rewards.
Expected outcomes include increased crypto spending and greater BTC and USDC engagement as users seek high returns and premium card benefits. Learn more about the launch on the American Express Network.
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