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Bitcoin And Crypto Use Gets Coinbase Boost In Europe


One of the world's largest bitcoin and cryptocurrency exchanges, the San Francisco-based Coinbase, is hoping to grow its footprint in Europe with digital gift cards, as users continue to struggle to get their hands on their crypto gains. Coinbase is rolling out the new feature, in partnership with London-based startup WeGift, that will give customers in Europe an alternative way to cash out their crypto coins. Users, initially only those in the U.K., Spain, France, Italy, the Netherlands and Australia, will be able to convert virtual currency into gift cards from around 120 retailers including the likes of online giant Amazon, department store John Lewis, supermarket Tesco, and ride-hailing app Uber. Coinbase plans to eventually grow the service into other countries.


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