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Coinbase has unveiled the Coinbase One Card its first-ever credit card powered by the American Express network. Announced at the State of Crypto conference the card offers up to 4% back in bitcoin on purchases. Available only to Coinbase One members in the United States the card is issued by First Electronic Bank and offered in partnership with fintech firm Cardless.
American Express leaders emphasized the innovation behind the launch. Will Stredwick from Amex said the card blends crypto rewards with exclusive benefits and protections through the Amex network. Luke Gebb EVP at Amex Digital Labs called crypto and blockchain part of the evolving financial infrastructure highlighting Amex’s focus on real world compliant use cases.
Coinbase also introduced Coinbase Business a new suite designed as an all-in-one crypto account for companies. The dual announcements underline Coinbase and Amex’s commitment to shaping the future of digital payments and financial innovation.
