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.
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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.
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