Coinbase Promotes Crypto Payments and NFT at DC Coffee Shop

**Coinbase has officially launched its credit card nationwide** after initial availability in Los Angeles. The card positions itself as **the new status symbol**, moving beyond traditional rewards like cashback, categories, or miles. Instead, it converts all purchases directly into Bitcoin. Key features: - **Turns every purchase into Bitcoin** automatically - Available to all US residents - No longer requires waitlist signup The launch marks Coinbase's expansion from crypto exchange into traditional financial services. The card targets users who want to accumulate Bitcoin through everyday spending rather than direct purchases. **Apply directly at** [coinbase.com/creditcard](http://coinbase.com/creditcard) *Standard terms and eligibility requirements apply.*

A major crypto exchange has responded to user feedback by making account reviews **self-serve**. The new system promises to be: - Faster than previous manual processes - Simpler for users to navigate - More efficient overall This update addresses previous pain points users experienced with account verification and review processes. The exchange emphasized they listened to community feedback when developing this solution. The self-serve approach should reduce wait times and give users more control over their account status.

**Coinbase is implementing the "DeFi Mullet" approach** - combining user-friendly fintech interfaces with Ethereum's DeFi infrastructure backbone. This strategy offers several key advantages: - **Efficiency**: All financial services connect to Ethereum's unified backend - **Easy integration**: Permissionless, modular DeFi enables rapid product development - **Transparency**: Auditable architecture builds trust without custody risks - **Control**: Immutable infrastructure gives companies end-to-end ownership **Early success metrics** from Coinbase's crypto-backed loans powered by Morpho: - 9,100+ borrowers - $510M+ in loans originated - $860M+ in cbBTC collateral The model represents a shift where **consumer apps maintain familiar frontends while leveraging Ethereum's financial rails** in the background. This approach could enable fintech companies to build scalable products in weeks rather than years, while reducing reliance on expensive legacy financial infrastructure.

**R[3]sidency accelerator** launches with backing from major investors including Fabric VC, Base, Animoca Brands, and Founders Factory. The **16-week in-person program** targets UK-based web3 startups looking to reach venture scale. - Focus on supporting next generation of venture-scale founders - Based in London with established VC backing - Applications close November 22 Startups can apply at [r3sidency.xyz](https://r3sidency.xyz) **Apply now** if you're building a UK web3 startup ready to scale.

Coinbase delivered a packed October with significant partnerships and product launches. **Major Partnerships:** - Collaborated with **Citi** to build future payment solutions - Partnered with **Samsung** to bring crypto to 75+ million Galaxy users - Expanded into India and Middle East through **CoinDCX** investment **Financial Milestones:** - **$1.8B net revenue** in Q3 2025 - **$1B in onchain loans** using Bitcoin collateral - Acquired **Echo** to advance economic freedom mission **Product Launches:** - **DEX trading** for all US users (except NY) - **DeFi lending** for USDC holders - **Coinbase One Card** with up to 4% Bitcoin rewards - **Pay Tab** for P2P transactions to 100+ countries **Infrastructure Expansion:** - Applied for **national trust charter** with OCC - Brought **crypto staking** to New York - Launched **Blue Carpet** for asset issuers - Released **CDP Embedded Wallets** for developers **Base Network Growth:** - Added **XSGD and AUDD** stablecoins - Now supports **16 local currencies** - Largest network of local stablecoins **Regulatory Efforts:** - CEO met with **bipartisan Senators** - Distributed "Clari-Tea" in Washington D.C. - Advocated for clear crypto regulations Coinbase continues expanding its ecosystem while pushing for regulatory clarity.