Tag Archives: coinbase

Coinbase Loses 3 Senior Executives in 6 Months as Dan Romero Quits Position

Coinbase Loses 3 Senior Executives in 6 Months as Dan Romero Quits Position

                               

United States cryptocurrency exchange Coinbase

has lost another senior executive as its head of international, Dan Romero, announced his resignation in a blog post on April 12. Romero, who worked for five years at the company in various positions, follows director of institutional sales, Christine Sandler, and ex-vice president and general manager, Adam White in quitting the firm. Sandler left in March to join pro-crypto financial services giant Fidelity Investments, while White sought new pastures in October last year.

Romero had also worked in White’s role, and his departure continues a winding down of institution-focused activity at Coinbase. While continuing its expansion, retail and cryptocurrency industry business now forms a priority for the exchange. “After 5 years, I’m leaving Coinbase at the end of the month,” Romero confirmed in his post,

adding:

“I’m planning to take some time to figure out what’s next, but I remain as optimistic as ever about the potential of cryptocurrency and Coinbase.”

“An increasing number of cryptocurrency entrepreneurs are quietly building the infrastructure necessary for a more open, permissionless and decentralized version of the Internet and the global financial system,” Romero continued. As Cointelegraph reported, Coinbase branched out into international payments at the start of this month, followed this week by the launch of a dedicated cryptocurrency Visa card for its United Kingdom market. LinkedIn included Coinbase in its list of top 50 most popular U.S. companies in April, the company being the only one from the crypto sector to make the latest rankings.

Article Produced By
William Suberg

William Suberg got into Bitcoin while completing his Masters degree and hasn't looked back since, writing about anything crypto-related which makes him sit up and pay attention. He started working with Cointelegraph in October 2013.

https://cointelegraph.com/news/coinbase-loses-3-senior-executives-in-6-months-as-dan-romero-quits-position

 

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Coinbase Launches Gift Cards Sort Of

Coinbase launches gift cards so you can
spend your cryptocurrency at the mall.

Coinbase partners with WeGift to offer customers crypto funded digital gift cards. 

Coinbase is putting a new spin on the cryptocurrency wallet and turning it into a gift card – well, sort of.

The popular exchange desk has partnered with digital gift card provider WeGift to offer a direct route for customers to convert the funds in their wallets into currency for the high street.

It’s a seemingly simple process. Go to the WeGift Coinbase website, select the wallet you wish to spend from, select the amount and gift card, press buy, and presto: you have real world, spendable money for some of your favorite stores.

It should be pointed out though, you won’t actually be spending your cryptocurrency on the high street. You will be exchanging crypto for the local currency and the eGiftcard will be loaded with that, which obviously, high street stores will accept. They will likely have no clue how you funded the gift card, unless you tell them – which you probably will.

Currently it appears that gift cards can only be purchased for Italy, Spain, France, Netherlands, the UK, and Australia (though it seems the Australian offering is pretty limited for now). I counted 36 gift cards currently available to buy for the UK market – at the time of writing – including Argos, Clarks, Evans Cycles, Halfords, Nike and Tesco. There’s well over 100 in total.

One of the common arguments against cryptocurrencies is that nobody accepts them in stores. While this is still mostly the case, this scheme does get us one step closer to spending crypto at Costa by connecting your wallet to a form of payment that store do accept. Though the issue remains, that crypto enthusiast still have to go through another middleperson and we should always try to understand who is benefiting in these partnerships.

Decentralization and blockchain promised to connect purchaser to merchant without the need for an intermediary. Yet here we have a new intermediary, and one that must be taking a cut, even if they do waiver the transaction fee. Granted, WeGift are not a bank or government, but this still isn’t the elegant solution of payment that so many cryptocurrencies promise us in their imagined digital utopia of the future.

 

Correction: This piece inaccurately suggested Coinbase received a three-percent fee for converting your cryptocurrency to a gift card. We’ve updated the piece to redact this statement. Apologies for the mistake.

Article by: Matthew Beedham   from TheNextWeb.com   Published July 25, 2018 — 12:11 UTC

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