Coinbase has announced that its customers can now use the company’s debit card, Coinbase Card, with Apple Pay and Google Pay, and earn up to 4% back in crypto rewards.
According to a recent press release, Coinbase cardholders will now be able to link their Coinbase card with Apple Pay and Google pay, allowing shoppers to spend their crypto with ease, and enjoying crypto rebates.
The physical card is currently available to customers in the U.K. and Europe. Customers in the US are currently on a waitlist. Coinbase did, however, confirm that customers with a Coinbase virtual card will still be able to link their card to both Apple Pay and Google Pay.
It’s so easy! 💁♀️💳
Starting today, you can use your Coinbase Card with Apple Pay® and Google Pay™ to maximize rewards and use crypto in your everyday life.
Details here ↓https://t.co/iE0PYLUKlP
— Coinbase (@coinbase) June 1, 2021
COVID-19 has affected our daily lives in many aspects, one of them being the way in which we pay for our goods. More consumers are opting for contactless payments with the aim of limiting their exposure to the virus. In 2020, the use of mobile phone payments in the US rose by nearly 30%.
Crypto debit cards continue to play an important role in their efforts to promote the retail utilisation of crypto payments. Now that users can add their Coinbase Cards as a funding method to Apple Pay or Google Pay, crypto users can essentially spend their crypto on everyday purchases including groceries, clothing, and health products.
Feature image by Marco Verch from flickr