Coinbase recently enabled buying and selling via SMS and dropped fees for first-time merchants, and this new partnership will let users convert their Bitcoins into gift cards for the likes of GameStop, Home Depot, CVS and many others.
Coinbase’s Wallet is unique since it allows customers to tie their virtual currency account to a bank account, making it relatively easy to deposit and withdraw funds. The startup claims more than 200,000 active users and over 138,000 transactions per month.
Headline image via glencooper/Flickr
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