COINBASE AND AMEX TO LAUNCH A BITCOIN REWARDS CREDIT CARD IN THE US - CoinDesk reports that @Coinbase is partnering with American Express to launch a new Bitcoin rewards credit card in the US later this year. - Designed for Bitcoin purists, the card blends traditional finance with crypto philosophies. A card inspired by Bitcoin's founding moment - The Coinbase American Express card is embedded with data from the Genesis Block—the first Bitcoin block created by Satoshi Nakamoto on January 3, 2009. - This block is more than just technical history; it also conveys a message from a New York Times headline: - "Chancellor About to Bail Out Banks for a Second Time." - It's a silent protest against central banks and the 2008 financial crisis. - The card's design pays homage to this moment, featuring hexadecimal code from the Genesis Block. Exclusive Access and Rewards - The Coinbase One American Express card will be available exclusively to Coinbase One subscribers (the company's paid members). - Cardholders can earn up to 4% cash back in Bitcoin, with rewards based on the amount of Bitcoin held and account tier. Other benefits include: - No foreign transaction fees - Repayments through a linked bank account or cryptocurrency balance - Participation in American Express offers and promotions - Coinbase also clarified that Bitcoin rewards earned through purchases will not appear on a 1099 tax form, but may still be taxable if the rewards are later sold. - Coinbase One will launch the card in fall 2025, driven by growing institutional interest in Bitcoin, driven by spot ETFs and the increasing use of cryptocurrency payments in mainstream commerce. Image: Coinbase X platform