Coinbase, in collaboration with American Express, has launched a new credit card offering up to 4% Bitcoin rewards for U.S. customers. This marks a significant step in the integration of cryptocurrency into everyday purchases.
Coinbase and Amex Partnership
Coinbase and American Express have announced the launch of a credit card with Bitcoin rewards, allowing users to earn up to 4% cashback. The card is officially issued by First Electronic Bank and requires a subscription to Coinbase One.
Boosting Bitcoin Utility
This 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.
New Standard for Crypto Rewards
Previous crypto rewards cards, such as those from Gemini and BlockFi, offered fewer rewards. This partnership with Amex sets a new standard with up to 4% rewards.
The launch of the Coinbase and Amex card is expected to impact the cryptocurrency market positively, improving conditions for users and expanding the use of Bitcoin and USDC.
