Coinbase and Amex: The Unlikely Duo Bringing Bitcoin to Your Wallet!
In a world where the mundane meets the extraordinary, Coinbase has decided to join forces with American Express, launching the Coinbase One Card. This card, dear reader, promises a dazzling 4% Bitcoin rewards on your purchases, as if spending money could ever be so rewarding! 💳✨
Unveiled at the illustrious State of Crypto Conference, this product is but a humble part of Coinbase’s grand scheme to weave cryptocurrency rewards into the very fabric of our daily expenditures. The card, issued by First Electronic Bank and operated through Cardless, ties its rewards and benefits directly to the Coinbase platform—because why not complicate things a little more? 🤷♂️
Bitcoin and Stablecoin Rewards Built In
With the Coinbase One Card, users can earn up to 4% back in Bitcoin on all purchases. Yes, you heard that right! It’s one of the more competitive crypto reward offerings out there, as if we needed another reason to spend recklessly. And for those holding USDC stablecoins, there are even more perks—boosted rewards and higher staking returns. Because who doesn’t want to feel like a financial wizard? 🧙♂️
Those who dare to transact on Base, Coinbase’s proprietary Ethereum layer-2 network, will also enjoy enhanced staking rewards and transaction credits. Coinbase’s website, in its infinite wisdom, assures us that these incentives are crafted to reward both the fresh-faced newcomers and the seasoned veterans of the crypto realm.
The company elaborated,
“We believe crypto should be for everyone, which is why we’re introducing the Basic tier of Coinbase One: for just $4.99/month or $49.99/year, members can access bitcoin rewards on purchases, zero trading fees, boosted staking rewards, and the exclusive partner benefits that our community has come to love.”
Exclusive Access and Partner Benefits
But wait, there’s more! In addition to crypto-related rewards, the card grants access to American Express’s established network of benefits, including curated experiences, promotional offers, and purchase protections. Coinbase has opened a waitlist for interested users, signaling a demand that could rival the latest smartphone release. 📱
American Express Reaffirms Crypto Commitment
This isn’t American Express’s first tango with crypto. In 2022, they partnered with Abra to issue a credit card offering crypto rewards. Luke Gebb, Executive Vice President at Amex Digital Labs, expressed confidence in the future of digital assets, stating,
“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.”
A Growing Crypto Payments Market
The announcement comes amid a rising trend of crypto platforms partnering with traditional payment networks to enable the spending of digital assets. Coinbase’s move follows similar initiatives from competitors like MetaMask, which introduced a self-custodial debit card last year, and Mastercard, which in April revealed plans to launch crypto debit cards in collaboration with OKX and Kraken. It seems the future is here, and it’s wearing a Bitcoin badge! 🚀
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2025-06-13 18:12