You can now use your Coinbase Card with Apple Pay and Google Pay to make it even easier to spend crypto at home and on the go
It was just last week that we posted a report titled "Apple seeks a Business Development Manager for Alternative Payments such as Fast Payments, BNPL, Cryptocurrency & more," and today Coinbase Global Inc., launched a tie-up with Apple and Alphabet Inc's Google on Tuesday that will allow users to add cards from their accounts to the payment apps run by the two tech giants.
The Coinbase card added to the wallets can be used to buy everyday goods with digital currencies, according to Coinbase Card, the biggest U.S. cryptocurrency exchange stated in a recent blog post.
Earn up to 4% in Crypto Rewards on all your Shopping
"Mobile phone payments are growing steadily in the US, up 29% in 2020. Millions of people around the world use Apple Pay or Google Pay for everyday purchases, from grocery deliveries to pet supplies to home office goods. Now, you can earn up to 4% back in crypto rewards on this shopping when you use your Coinbase Card with Apple Pay or Google Pay. Splurging for guacamole with your Coinbase Card is a no-brainer when you can earn 1% back in Bitcoin or 4% back in Stellar Lumens."
The company said it will automatically convert all cryptocurrency to U.S. Dollars and transfer the funds to a customer's Coinbase Card for use in purchases and ATM withdrawals.
It also said users can earn crypto rewards on their shopping when a Coinbase Card is used with Apple Pay or Google Pay.
Coinbase's move comes after PayPal Holdings Inc said it would allow U.S. consumers to use their cryptocurrency holdings to pay millions of its online merchants globally, significantly boosting use of digital assets in everyday commerce. For more, read Coinbase Cards full blog post here.
Coinbase Card has recently stated that in Q1 they had 56 million users.