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12 Days of Coinbase: What You Missed and What You Didn’t

12 Days of Coinbase: What You Missed and What You Didn't

December 21st marked the final episode of ’12 days of Coinbase giveaway‘. While some of the offers from the popular cryptocurrency exchange embodied the giving holiday spirit, others fell a little flat.

The highlights

There was a charitable undercurrent running through the giveaway, with Day 2 dedicated to a USD 10,000 donation in Zcash (ZEC) to impoverished families in Venezuela. As Bitcoin News previously reported, the South American country is struggling to handle major hyperinflation that has left many families unable to afford basic amenities. An increasing number of citizens are turning to cryptocurrencies as a store of value and a way to make charitable contributions.

Another USD 10,000 donation was made in Bitcoin (BTC) to support a project developing a basic income scheme for 150 Syrian refugees in Greece who are currently without access to the mainstream financial system.

Coinbase hit the mark with both days, using the event as a great way to draw attention to humanitarian efforts utilizing cryptocurrency, specifically through GiveCrypto.com.

Those ‘exclusive’ offers

Days 9 and 10 offered privileges for the more ‘exclusive’ Coinbase client. It was announced that Coinbase Pro members would be able to trade Dai (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL) within certain jurisdictions at least. Of course, the appeal is to draw more clients on to the Pro membership, but why not give all users a trial in the Christmas spirit?

An initiative called ‘Coinbase Earn’ was also detailed, which would allow users to ”earn cryptocurrencies while learning about them in a simple and engaging way.” Sound good? Well, unfortunately, this option is in the invite-only stage for the select few users they chose to reach out to via email.

The useful

Coinbase users in the US can benefit from several of the more practical new features added during the 12-day period. These benefits include being able to withdraw funds straight to their Paypal accounts, and use the e-gift card feature for Uber and Nike among other retail outlets, which were previously available to just the EU and UK members.

In all, Coinbase gave onlookers an entertaining diversion to follow and while some days may have lacked real substance, there is room for improvement for the coming year. Moreover, it was a nice gesture from the exchange at the very least.

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Syrian Refugees Get Coinbase Gift but Little Else of Crypto Cheer

The traditional 12 days of Christmas is continuing crypto-style with Coinbase using the song to promote its worldwide services, focusing Day 6 on supporting refugees.

In tune with the season of goodwill, the global exchange giant has promised to make an announcement that will profit someone each day leading up the big day itself. The latest gift has gone to Kurdistan and Beirut through GiveCrypto.org, a nonprofit organization that distributes cryptocurrency to people living in poverty.

GiveCrypto has sent USD 10,000 to support 15 Yazidi families and 5 Syrian families living in Kurdistan and Beirut to follow up on its last gift which went to the wallets of over 100 families living in the Venezuelan border town of Santa Elana de Uairen, located in Bolívar state near the border with Brazil and Guyana.

The plight of Yazidi families made world news in 2014 when 1,200 refugees fled Syria leaving less able families stranded in the Sinjar mountains without food or water, relying only on air drops from the Red Cross and NGOs.

Similar to the Venezuelan project, this latest of its humanitarian gifts will enable the 20 families to be able to buy essentials through receiving the funds in local fiat currency. A Coinbase announcement on its latest humanitarian offering stated:

“With Coinbase’s support, GiveCrypto.org is poised to support even more refugee families in Greece, where crypto transfers can do even more to support those rocked by unstable financial institutions and lack of access.”

“Our recent shift in strategy is really driven by customers. When we asked customers the number one thing they want, they told us it’s adding new cryptocurrencies to the platform.”

— Coinbase (@coinbase) December 11, 2018

This only the second humanitarian gift so far; other gifts have included Coinbase announcing that users could buy gift cards so that family and friends could get Uber, Adidas and Nike surprises through its U-gift program.

On the weekend, Coinbase made one of its more materialist gifts, which allowed its US customers to withdraw their Coinbase balances to Paypal giving them access to a fast payments platform. Some more critical observers would like to see such gifts follow the form of the Venezuelan and refugee payments maintaining a strictly humanitarian focus, putting money where it is really needed.

 

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