- Coinbase and American Express will launch a Bitcoin cashback credit card.
- The Coinbase One Card offers up to 4% back in BTC for everyday spending.
- Amex’s past partnership with Ripple highlights growing blockchain involvement.
Coinbase has entered a collaboration with Ripple’s partner American Express to introduce a new credit card offering Bitcoin rewards. The Coinbase One Card will allow users to earn up to 4% back in Bitcoin on everyday purchases. It is expected to launch in the United States in fall 2025.
The card expands Coinbase’s efforts to connect everyday spending with digital assets. It also marks a rare entry by American Express into the crypto space through a consumer-facing product.
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The Coinbase One Card will be available exclusively to subscribers of Coinbase One, a paid membership program offering enhanced features such as zero trading fees and priority customer support. According to the announcement, the card will run on the American Express payment network, giving users access to Amex’s global reach and benefits.
Consumer-Facing Expansion Into Crypto
The partnership marks one of American Express’s first direct consumer-oriented crypto offerings. While the financial services giant has previously explored digital asset technology, this is the first time it is powering a credit product with Bitcoin as a core feature. Cardholders will see their rewards deposited directly into their Coinbase accounts.
The launch reflects a broader trend of traditional financial institutions expanding into digital assets through strategic partnerships. Coinbase already offers crypto reward debit cards with Visa, and this new collaboration with Amex shows its intent to diversify its financial services ecosystem.
Ripple Connection Resurfaces
The news has sparked renewed interest in American Express’s past blockchain involvement. In 2017, the company partnered with Ripple and Santander UK to pilot a blockchain-based solution for cross-border B2B payments. The solution used RippleNet to process transactions between the U.S. and the U.K., aiming to reduce costs and improve transparency.
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Analyst Chad Steingraber commented on the development, linking the Coinbase announcement to Amex’s earlier work with Ripple. He suggested that the new card signals increasing alignment between traditional financial firms and blockchain infrastructure providers, saying, “It’s getting hot.”
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