Exclusive Benefits and Limited Access
Designed for Coinbase One members in the United States, this card offers users up to 4% Bitcoin rewards on their purchases. Details of the full program are anticipated later in the year, following the opening of a waitlist for interested customers.
Exploring Blockchain and Cryptocurrency
American Express officials view the Coinbase One Card as part of an ongoing effort to explore how blockchain and cryptocurrencies can modernize financial infrastructure. Although they approach this sector cautiously, Amex is exploring applications that align with compliance standards and could contribute to more efficient value transfer systems.
Integrating Technology and Protection
According to representatives from American Express, the card will leverage existing capabilities such as digital wallets and tokenization. It will benefit from the protections and features available on the American Express network. This product reflects current consumer interest in combining traditional credit card benefits with crypto rewards.
Partnership Management
Coinbase and Cardless are managing the offering, with Cardless being a portfolio company of Amex Ventures. The Coinbase One Card will operate under the American Express license, adhering to associated terms and conditions.
