Coinbase, a renowned crypto exchange, has recently announced the plan to release an exclusive American Express (Amex) credit card for US-based users this fall. The latest American Express credit card pays tribute to Bitcoin’s origin with a new design featuring the data from the flagship crypto asset’s Genesis Block. As per the reports, the new credit card also offers 4% Bitcoin ($BTC) cashback on buyouts. In this respect, with this initiative, the crypto exchange is performing a bold move to attract a wider group of Bitcoin ($BTC) enthusiasts.

Coinbase to Roll Out Amex Card, Featuring Tribute to Bitcoin’s Origin

Coinbase’s launch of Amex credit card, which has data from Bitcoin’s Genesis block engraved on it, has grasped the attention of Bitcoin proponents. Additionally, the project also provides 4% $BTC cashback on buyouts, while the reward rates will be modified in line with the asset holdings of the users. The hex data on the card turns it into a unique, tangible part of the leading crypto asset’s history. In that genesis block, a message was embedded, “Chancellor on brink of second bailout for banks”.

The respective message was taken from the same day’s newspaper headline. The statement timestamped the block and also criticized the centrally-controlled financial systems following the financial crisis of 2008.

Additionally, the name of the cars, Coinbase, is also embedded in the DNA of Bitcoin. In blockchain system, “coinbase transaction” refers to the earliest transfer in each of the new blocks, via which exclusive $BTC is created. Therefore, with such deliberate references, the crypto exchange is attracting those who deem Bitcoin, more than just a payment method, a movement.

Targeting Global Consumers with Zero FX Charges and Bitcoin Cashback

Overall, Coinbase’s American Express credit card will reportedly be available to the subscribers of Coinbase One in the United States with 4% $BTC cashback. Additionally, the project will impose zero transfer charges, with users being able to repay balances via either crypto or fiat stored on the crypto exchange. Other advantages will take into account standard American Express perks like access to unique offers and events.