Overview

• The company is preparing a U.S. launch for the fall in partnership with American Express.
• Access is limited to Coinbase One subscribers, with cashback paid in bitcoin and scaling up to 4% based on assets held on Coinbase.
• The physical card features hexadecimal data from Bitcoin’s Genesis Block, including the Times headline referencing bank bailouts.
• Cardholders face no foreign transaction fees, can repay from a linked bank account or crypto on Coinbase, and receive standard Amex perks.
• Coinbase says bitcoin rewards will not appear on 1099 forms, though taxes may apply if those rewards are later sold.