Major US cryptocurrency exchange Coinbase has announced the upcoming launch of an American Express card that will offer cashback in Bitcoin.
The card, whose slick design was inspired by the genesis block of the original blockchain, will give its holders up to 4% BTC back on every purchase.
The size of the reward will depend on the Coinbase balance of a specific cardholder. "The more assets you hold on Coinbase, the higher your rewards rate," the exchange clarified.
The product will become available in late 2025, according to the Friday announcement.
Coinbase claims that more details about the card will be shared when it goes live.
In the meantime, Coinbase CEO Brian Armstrong has just predicted that Bitcoin could emerge as the world's reserve currency.
Vladislav Sopov
U.Today Editorial Team