According to a Coinbase blog published 17th May, it has now opened Coinbase Earn to people in 100+ countries.
Introduced in 2018, Earn enables Coinbase users to earn crypto for answering quizzes, completing tasks, and trying new decentralised protocols.
Similarly, startups issuing tokens can use Coinbase Earn to teach people how to use their new cryptocurrencies and blockchain projects. At the moment, Earn opportunities are publicly available for Stellar Lumens (XLM), ZCash (ZEC), Basic Attention Token (BAT), and 0x (ZRX), with many more coming soon.
In its pilot phase during 2018, users earned cryptocurrency by learning about the ERC-20 token “0x” (ZRX). Coinbase stated that according to a survey they conducted, uninformed users were reluctant to invest in crypto but were 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.”
Now it is available in many more countries, most specifically, 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.
Coinbase says: “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. 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.”