Coinbase has just put out that citizens in over 100 countries can now participate in their Coinbase Earn program for free.
Coinbase Earn came out last year. It allows users to participate in cryptocurrency quizzes, try out new projects, and other tasks in exchange for digital assets. The goal is to teach new adopters how to take advantage of crypto.
As of now, assets like Stellar Lumens (XLM), Basic Attention Token (BAT), 0x (ZRX), and ZCash (ZEC) are already a part of the program. However, other asset developers view Coinbase Earn as a way to bring exposure to their project.
According to an official press release, these opportunities are now available to more people around the world:
“As of today, we’re opening up Coinbase Earn to a much larger number of users. Specifically, users from the United States, United Kingdom, many countries in the European Union (Belgium, Switzerland, Denmark, Ireland, Germany, Iceland, Luxembourg, Netherlands, Norway, Sweden), Canada, Singapore, Australia, Hong Kong, New Zealand, South Korea, and Taiwan can now sign up to Coinbase and start earning immediately upon ID verification and meeting Earn eligibility criteria. Users in other countries where Coinbase is available can get verified and then join a waitlist to become eligible for Coinbase Earn.”
While education is a good enough reason for Coinbase to have this project, they have personal motives as well. Essentially, if a user learns about and is given free cryptocurrency on the Coinbase platform, they’re more than likely to stick with it when buying cryptocurrency in the future.
However, the intention is still noble. “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,” continues the post. “With this international expansion, anyone with a smartphone in a supported country can now earn crypto while they learn about crypto just by setting up a free Coinbase account. This means millions more people now have a trusted, safe, and legal bridge to the cryptoeconomy — even if they don’t have a credit card or bank account with which to buy cryptocurrency.”