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Crypto exchange Coinbase launches crypto gift card service

A cryptocurrency exchange Coinbase now offers a way for clients to buy retail goods and services using crypto assets, thanks to a new partnership with a digital gift card startup.

Coinbase has integrated its wallet services with WeGift, a London-based online gift card platform, and now allows users to buy gift cards with cryptocurrency stored in their Coinbase wallets. Currently, the exchange supports Bitcoin, Bitcoin Cash, Litecoin and Ethereum, with more likely to be added soon.

According to WeGift’s website, gift cards purchased by cryptocurrencies can be used in over 120 retailers that accept WeGift, including Tesco, M&S, Uber, Carrefour, Google Play and Costa.

The service is so far only available in the U.K., France, Spain, the Netherlands and Italy.