The major cryptocurrency platform Coinbase has recently launched the Coinbase Earn program to the public in more than 100 countries, as a new official press release shows. The latest cryptocurrency news show that Coinbase has finally capitalized on its earlier plans for this initiative.
“Coinbase Earn enables Coinbase users to earn crypto for answering quizzes, completing tasks, and trying new decentralized protocols. Asset issuers likewise use Coinbase Earn to teach people how to use their new cryptocurrencies and blockchain projects,” is what is described in the official statement.
After announcing the program at the end of 2018, Coinbase started with a pilot period of the service which allowed users to learn more about the ERC-20 token “0x” (ZRX). Coinbase Earn is now live and according to the official statement, uninformed users were reluctant to invest in crypto but eager to learn.
“…one of the biggest barriers preventing people from exploring a new digital asset was a lack of knowledge about that asset. Many of the people we surveyed expressed a strong desire to begin learning about new and different crypto assets beyond Bitcoin, but didn’t know where to begin,” the statement describing Coinbase Earn notes.
As its title implies, Coinbase Earn is a system through which users can earn cryptocurrency. As many best cryptocurrency news sites show, users can earn tokens for taking quizzes about Stellar Lumen (XLM), Zcash (ZEC) and Basic Attention Token (BAT) – earning the respective coins.
“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.”
Earlier this week, Coinbase added the trading support for 50 new jurisdictions which echoed the altcoin news besides the Coinbase Earn announcement. There were USD Coin (USDC) trading options announced in 85 new countries too. The press release which announced the expansion also showed that Coinbase commented on its hopes for USDC to provide economic stability in the newly covered countries.
“For new customers in countries like Argentina and Uzbekistan, where consumer prices are expected to inflate by 10–20% in 2020, stablecoins like USDC could provide an opportunity to protect against inflation,” the statement said.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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