Coinbase Card Coming to the U.S. and Will Reward Users with $XLM. $SLP Pops and $AAVE Decentralizes

By Aware1 | Crypto Awareness | 29 Oct 2020


Coinbase continues to expand its dominance of the U.S. market as it recently announced the upcoming rollout of the Coinbase Card for its U.S. clients. As part of the announcement, the exchange indicated that users can receive up to 4% cashback if they choose to receive their rewards in the form of Stellar Lumens (XLM) or 1% cashback if they choose Bitcoin.

The announcement also highlighted that users will be able to choose from a variety of their favorite cryptos to convert along with also being able to use Coinbase's USDC stablecoin to make purchases. Pointing out that USDC can be used while also offering a larger reward for accepting XLM points to a topic I discussed in a previous video being the possibility of stablecoins and a future digital dollar being hosted on top of the Stellar Lumens platform. The fact that it is the only other option as a reward besides Bitcoin hints at something larger brewing under the surface for me.

I also briefly discuss Ultra (UOS), which is having a green day on an otherwise red market, as well as Small Love Potion (SLP) which saw an increase of more than 40% on a day where even the traditional markets saw more than 3% losses.

Finally, AAVE announces that it has transferred governance rights over to token holders, helping move the project towards true decentralization.

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Aware1
Aware1

My saying is "It's not about what you do, it's about being aware of what you do." My journey has been filled with ups and downs, positives and negatives, but the experience has been fantastic. Now I look to help others find the joy in their journey.


Crypto Awareness
Crypto Awareness

I discuss a variety of topics from across the crypto-verse, pointing to some developing trends that I see on the long term horizon. With so much news and FUD out there, it can be difficult to know what is actually going on with the cryptocurrency space and where the major developments are taking place. I hope to simplify this process for people as well as add my perspective on where things are and where things may possibly go.

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