Coinbase Has Introduced An E-gift Card, A New Way For Customers To Spend Their Crypto
Coinbase announced on the 25th July 2018 that their customers in the EU and Australia will be able to spend their cryptocurrency on e-gift cards. The first platform to offer direct withdrawals into e-gift cards. Customers are now able to buy bitcoin to spend within stores.
Those using the e-gift card will be subject to zero-fee withdrawals and bonuses on certain cards. Users have the flexibility to convert their crypto to use in stores such as Tesco and Google Play. Some of the other retailers accepting the e-gift card include Nike, Uber, Ticket Master, Zalando and more.
Availability of the service is currently only in the UK, Spain, France, Italy, Netherlands and Australia. Coinbase hopes to increase the number of retailers, crypto markets available and expand into other countries.
The service is intended to make cryptocurrency easier to use, spend and trade bitcoin for an improved user experience. With the release of their e-gift card, customers are starting to comprehend the uses of crypto as they can spend their crypto investment with ease.
Perhaps we could see further developments in this space for greater use cases for cryptocurrencies. One of the major issues now is their liquidity and functionality in the current economy which Coinbase is addressing.
Be sure to visit BC Bitcoin, your trusted cryptocurrency broker to buy crypto and for regular updates.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards