Coinbase Partners with American Express, Shopify to Push Crypto Payments
Coinbase has taken a major leap forward in expanding crypto use in everyday life through new partnerships with American Express and Shopify. These deals aim to integrate crypto rewards and stablecoin payments into routine spending and online shopping, signalling a bold shift in how the mainstream uses digital assets.
At the recent State of Crypto Conference, Coinbase introduced the Coinbase One Card, its first-ever credit card, launched in partnership with American Express.
The card, which offers up to 4% cashback in Bitcoin on every purchase, runs on the Amex network and is designed to combine traditional financial perks with crypto incentives.
Issued by First Electronic Bank and developed alongside the fintech company Cardless, the card will be available exclusively to Coinbase One members in the United States, with a waitlist now open.
American Express strongly supported the collaboration, stating its belief in the long-term promise of blockchain and crypto technologies. The card aims to deliver a seamless experience by combining Amex’s well-established security and payment infrastructure with Coinbase’s crypto-native features.
In a second major move, Coinbase has also partnered with Shopify to enable stablecoin payments across millions of online stores. Beginning June 12, select Shopify merchants will start accepting payments in USDC, a popular dollar-pegged stablecoin, through Coinbase’s Ethereum-based layer-2 network, Base. This rollout is expected to expand to all Shopify merchants later this year.
The feature allows customers to pay with USDC while businesses receive local currency, removing the burden of foreign transaction fees.
Additionally, customers paying with USDC may receive up to 1% cashback, and merchants accepting it can earn up to 0.5% back. The new system also supports refunds, tax handling, and staggered payments—eliminating the need for third-party tools and simplifying crypto payment adoption for sellers.
Unlike Shopify’s earlier crypto features that required third-party plugins, this USDC integration is enabled by default, meaning sellers must opt out if they choose not to accept crypto payments.
With its strategic moves into both crypto rewards and stablecoin acceptance, Coinbase is positioning itself at the centre of a new era of digital commerce, where using crypto becomes as routine as swiping a credit card or checking out online.
