Today, at Coinbase’s State of Crypto Conference, Coinbase announced that it will launch its first credit card, the Coinbase One Card, on the American Express Network. The Coinbase One Card will offer up to 4% Bitcoin back on every purchase, offered by Coinbase and Cardless, and issued by First Electronic Bank.
Will Stredwick, SVP, Global Network Services at American Express, said on stage at the conference: “In today’s world, we see real potential in the combination of Coinbase and crypto with the Powerful Backing of American Express, and what the card offers is an excellent mix of what customers are looking for right now.” He continued: “The Coinbase One Card will offer crypto rewards alongside unique benefits, offers, experiences, and protections through the American Express Network.”
The card will be exclusively available to Coinbase One members in the U.S., and more details will be available this fall. The waitlist opened today at coinbase.com/creditcard.
Today’s announcement builds on American Express’ long history of innovation, spanning payments, rewards, travel, dining, as well as with capabilities such as digital wallets and tokenization.
Luke Gebb, EVP, Amex Digital Labs, elaborated: “American Express views crypto and blockchain technologies as part of the evolving financial infrastructure with real potential to deliver faster, more efficient ways to move value. Our focus is on practical, compliant applications that create long-term value for customers. The new Coinbase One Card will benefit from Amex’s secure, innovative network, designed to deliver trusted, seamless experiences for Card Members in an evolving payments landscape.”
American Express is investing selectively and strategically to help shape the future of payments, focusing on the infrastructure, partnerships, and talent needed to deliver trusted, long-term value.
DISCLOSURES
The Coinbase One Card is offered by Coinbase, Inc. and Cardless, Inc, an Amex Ventures portfolio company. The Coinbase One Card is issued by First Electronic Bank. The Coinbase One Card runs on the American Express Network. American Express® is a registered trademark of American Express and is used by the issuer pursuant to a license. The cardholder benefits shall be subject to additional terms, conditions, and exclusions.
ABOUT AMERICAN EXPRESS
American Express (NYSE: AXP) is a global, premium payments and lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services and experiences that enrich lives and build business success.
Founded in 1850 and headquartered in New York, American Express’ brand is built on trust, security, and service, and a rich history of delivering innovation and Membership value for our customers. With a hundred million merchant locations on our global network in about 200 countries and territories, we seek to provide the world’s best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations. For more information about American Express, visit americanexpress.com and americanexpress.com/en-us/newsroom.
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Melissa Filipek
melissa.j.filipek@aexp.com