Under the trend of the integration of cryptocurrencies and traditional finance, the cryptocurrency exchange Coinbase announced on June 13th that it will launch its first credit Card – Coinbase One Card – with the network support of American Express. This measure aims to provide users with an innovative payment method and further promote the application of cryptocurrencies in daily consumption.
According to the official statement of Coinbase, cardholders of Coinbase One Card can receive up to 4% Bitcoin cashback for each purchase transaction. The refunded Bitcoin will be directly deposited into the user’s Coinbase wallet, enabling consumers to easily accumulate cryptocurrency assets during their daily consumption. This cashback ratio is highly competitive in the credit card market and is expected to attract a large number of users interested in cryptocurrencies.
Will Stredwick, senior vice president of Global Network Services at American Express, said at Coinbase’s “State of Crypto” summit that cardholders of Coinbase One Card can not only receive cryptocurrency rewards, You can also enjoy the unique benefits, exclusive experiences and comprehensive protection provided by the American Express network. This means that when users use Coinbase One Card, they will enjoy both the innovative advantages in the cryptocurrency field and the profound accumulation of American Express in traditional financial services.
Currently, the Coinbase One Card is only open for application by Coinbase One members in the United States. Since the launch of the Coinbase One service in 2023, the number of its subscribers has exceeded one million. To meet the expectations of more users for this credit card, Coinbase has opened a waiting list channel on June 13th. Users who are interested can submit their applications on the Coinbase official website.
Coinbase One Card is planned to be officially launched in the autumn of 2025. At that time, users can use this credit card for various consumption activities such as daily shopping and online payment, and enjoy corresponding Bitcoin cashback. The launch of this product not only offers Coinbase users new options for financial management and consumption, but also injects new impetus into the integrated development of cryptocurrencies and traditional payment systems. Its market performance in the future is worth continuous attention.
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