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Apple Pay adds support for Coinbase Card
Coinbase Card is a Visa debit card issued by cryptocurrency exchange Coinbase. The card allows users to spend any cryptocurrency in their Coinbase portfolio and earn rewards for each purchase.The cryptocurrency exchange announced earlier today that its customers can now use the Coinbase Card with Apple Pay and Google Pay. “You can now use your Coinbase Card with Apple Pay and Google Pay to make it even easier to spend crypto¹ at home and on the go. Starting this week, we’ll invite select customers off the waitlist to begin earning up to 4% back in crypto rewards,” Coinbase said.
Cryptonary reported last week that Apple Pay might be supported by Coinbase Card soon. Coinbase pointed out that its decision to support Apple Pay and Google Pay is due to the rise in mobile phone payments. Last year, mobile phone payments in the United States went up by 29%, with more people using Apple Pay and Google Pay for everyday purchases.
The cryptocurrency exchange provided a brief tutorial on how users can add the Coinbase card to their Apple Pay and Google Pay accounts. “Using Coinbase Card with Apple Pay and Google Pay makes it even easier to spend and grow your crypto. This is just the beginning — we’ll continue to build more ways for you to maximize crypto rewards and easily use crypto in your everyday life,” Coinbase added.
More crypto exchanges are supporting mobile phone payments
Coinbase is the latest crypto exchange to allow users to link their cards with Apple Pay and Google Pay. In April, Gemini revealed that its users could buy bitcoins and other cryptocurrencies using Apple and Google Pay.However, card’s functionalities are better as it allows users to spend cryptocurrencies on everyday purchases. Coinbase said users could earn 1% back in Bitcoin or 4% back in Stellar Lumens if they use the card with Apple Pay or Google Pay.
Tech giant Apple is getting more involved in the crypto space. Last week, the company’s job posting showed that it wants to hire a manager to serve as Apple’s chief negotiator for the alternative payments space. The manager is expected to have experience in the cryptocurrency field.
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