Details on the New Coinbase American Express Card Offering Bitcoin Rewards.

crypthub

3 days ago

Coinbase Amex Card Launch

Coinbase is set to release a new American Express credit card in the U.S. this fall, designed specifically for bitcoin enthusiasts. The card incorporates symbolism related to Bitcoin's origin story, setting it apart from other crypto-linked cards. It aims to appeal to a dedicated audience valuing Bitcoin’s philosophical underpinnings.

Design and Symbolic Elements

The card’s design includes data from the Genesis Block, Bitcoin's first block, and a message referencing a 2008 Times newspaper headline. This incorporation of hexadecimal code highlights Bitcoin’s founding and serves as a critique of traditional financial systems. The name "Coinbase" itself refers to the first transaction in a new block, linking the card to Bitcoin’s core function.

Features and Target Audience

Exclusively for Coinbase One subscribers, the card offers up to 4% cashback in bitcoin based on asset holdings. It features no foreign transaction fees and offers standard American Express perks. Coinbase intends to attract users who view Bitcoin as a philosophy rooted in financial sovereignty and resistance to centralized control.