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Cryptocurrency exchange Coinbase has expanded its Earn program to 103 countries. Now users from the U.S., U.K., much of the EU, Canada, Singapore, Australia, and others, can sign up to earn crypto for learning about the tech.
Cryptocurrency exchange Coinbase expanded their Earn program to 103 countries. The program started in December 2018, and it was on an invitation-only basis. Coinbase said that the main focus is on getting users earn cryptocurrency by taking part in various educational tasks. The blog announcement reads:
“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. Earn opportunities are currently publicly available for Stellar Lumens (XLM), ZCash (ZEC), Basic Attention Token (BAT), and 0x (ZRX), with many more coming soon.”
The exchange said more tokens will be supported soon and added that users must pass an ID check to gain access to the service.
— Coinbase (@coinbase) May 17, 2019
Stellar Development Foundation co-founder, Jed McCaleb, explained that Earn is helping expand Stellar’s network, enabling “millions of real and unique users” in over 100 countries to earn XLM while they learn about the cryptocurrency.
Brave CEO and co-founder, Brendan Eich, added:
“Like Brave, Coinbase Earn removes intermediaries and inefficiencies so that users can benefit. It’s exciting to see Coinbase Earn expand globally so that even more users can get involved with digital assets.”
There Is a Waiting List
Now users from the U.S., U.K., EU, Canada, Singapore, Australia, Hong Kong, New Zealand, South Korea, Taiwan and most of the EU countries, can sign up to earn cryptocurrency rewards for learning about the tech. The full list of supported nations can be seen here.
To use Coinbase Earn, all users have to sign up to Coinbase and start participating in various quizzes and tutorials after they have successfully passed the ID verification and passed pre-set Earn eligibility criteria.
For all the countries were Earn is not available, users will be able to get verification and become part of the waitlist.
Coinbase revealed that lack of knowledge about the asset is one of the biggest barriers for people to try digital assets. In a survey it conducted, the company found that many people were strongly interested in learning more about crypto assets aside from Bitcoin, but they just do not know where to start.
“That’s why we’re launching Coinbase Earn with tasks related to asset education,” the company wrote on its blog.
Coinbase also said in the post that it’s making over $100 million available to users of the scheme. Earlier this month, Earn.com founder and ex-Coinbase CTO Balaji S. Srinivasan said on leaving the exchange:
“The Earn integration was successful and we’ve closed ~$200M in deals for the new Coinbase Earn.”
Coinbase has also expanded support for crypto-to-crypto trading for USD Coin (USDC) to 85 countries and extended its trading services in 103 countries.