Coinbase Global Inc. COIN CEO Brian Armstrong Unveiled the company’s cryptocurrency credit card on Thursday which will offer money awards Bitcoin BTC / USD.
What happened: Armstrong went to X to present the new Coinbase One card. The map, made of metal and engraved with the Bitcoin Genesis block, is powered by the payments giant American Express Co. Axp. The card offers users up to 4% in Bitcoin rewards for each purchase.
However, there are certain conditions. The card would only be available for those who have its premium subscription service, Coinbase One, whose annual subscriptions start at $ 49.99.
In addition, the size of the rewards will be determined by the Coinbase balance, which means that the greater the balance, the more we get BTC. The company also specified that it reserves the right to decide which transactions are eligible for the awards.
The Coinbase One card should be launched in the fall of 2025.
Why is it important: The announcement follows a similar offer from Crypto-Monrsech Rival Exchange GeminiWho launched a Bitcoin credit card last month. The card, supplied by Mastercard Inc. Mamewill restore up to 4% in BTC instantly on gas, EV load, transit, taxis and carpooling, at no annual and free cost on foreign purchases.
Disclosure: 82% of CFD retail accounts lose money
Coinbase entered history last month after it became the first pure cryptocurrency cryptocurrency actions to join the S&P 500 index, the reference index widely used for the American stock market. The company also made a large push on the global crypto derivative market by acquiring the exchange of crypto options Enchanting For around 2.9 billion dollars in the event of a cash and shares contract.
Action: Coinbase actions fell 0.38% in exchanges after hours Benzinga Pro data. Update year, the action lost 2.92%.
The actions of American Express decreased by 0.37% to $ 297.99 on Thursday.
At the time of writing these lines, Coin ranked highly on the growth metric, but has been delayed on the momentum and the value. Do you want to check how other actions related to cryptocurrency work on these measures? See the Benzinga Edge stocks classification.
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Non-liability clause: This content was partially produced with the help of Benzinga Neuro and was examined and published by the publishers of Benzinga.
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