A large-scale digital currency exchange Coinbase recently announced a new collaboration – with WeGift, a gift card supplier. The new partnership allows users to spend their crypto to purchase digital gift cards for various stores and companies (Uber, Marks&Spencer, Nike, Google Play, Costa Coffee, Carrefour etc). This mechanism expands the possibility of using crypto when interacting with large firms and traditional retailers.
The benefits listed on the official blog post include zero Coinbase withdrawal fees and certain special bonuses. This service is available in the UK and several European countries.