Coinbase Earn expands to over 100 countries
Mon, 20 May 2019, 07:24 am UTC
Digital currency exchange Coinbase on Friday announced that its Coinbase Earn Program has expanded to more than 100 countries, allowing users to earn while learning cryptocurrencies.
According to the company’s press release, users can earn crypto for answering quizzes, completing tasks, and trying new decentralized protocols. The aim is to allow users to know more about an asset’s utility and underlying technology while getting a bit of the asset to experience.
Currently, Coinbase Earn users can earn by learning the four leading cryptocurrencies, including Stellar Lumens (XLM), ZCash (ZEC), Basic Attention Token (BAT), and 0x (ZRX). The California-based firm said more will be rolled out soon.
The new money-making program is now open to users from the United States, the United Kingdom, Belgium, Denmark, Germany, Iceland, Ireland, Luxembourg, Netherlands, Norway, Sweden, Switzerland, Australia, Canada, Hong Kong, New Zealand, Singapore, South Korea, and Taiwan.
Interested users need to sign up to Coinbase and start earning after ID verification and meeting Coinbase Earn eligibility criteria. Meanwhile, users of other countries where Coinbase is still not available yet can still get verified and join the waitlist.
“The rationale behind Coinbase Earn is that as we progress from mining cryptocurrency to buying it to earning it, we open up new opportunities for people to learn about blockchain technology,” the blog post by Coinbase stated.
“With this international expansion, anyone with a smartphone in a supported country can now earn crypto while they learn about crypto by just setting up a free Coinbase account.”
Coinbase Earn was first launched in December 2018 in invite-only mode with a single asset, 0x (ZRX). The funding of the first set of tasks came from the 0x external development pool, with all of the funds going directly to the users.
Coinbase revealed that lack of knowledge about the asset is one of the biggest barriers for people to try digital assets. In a survey it conducted, the company found that many people were strongly interested in learning more about crypto assets aside from Bitcoin, but they just do not know where to start.
“That’s why we’re launching Coinbase Earn with tasks related to asset education,” the company wrote on its blog.
Coinbase has also expanded support for crypto-to-crypto trading for USD Coin (USDC) to 85 countries and extended its trading services in 103 countries.
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