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Coinbase announced today that customers in Australia and EU are now able to spend their cryptocurrency balances on e-gift cards instantly. As such, the platform becomes the first to provide options for direct withdrawals into e-gift cards.

The initiative was carried out in partnership with WeGift, a company focused on providing digital gift cards, and is currently available in several select EU countries – the UK, Spain, Italy, France, and the Netherlands – and Australia. Coinbase said that it will be expanding the number of involved markets and retailers within the next three months, moving to other countries shortly thereafter.

@peakdemand

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