Coinbase Announces Gift Card Purchases From Crypto Accounts

Coinbase announced to day that their users would now be able to spend their cryptocurrency balances on e-gift cards for popular retailers, making it the first trading platform to offer direct withdrawals into e-gift cards.

The service will be offered through WeGift and will offer e-gift cards for popular brands like Nike, Uber, Google Play, Ticketmaster and others. The service will offer discounts for the cards as compared to purchasing with a traditional bank account as reported in this comparison chart from WeGift: