Coinbase, the largest cryptocurrency exchange in the USA, announced on its official weblog that it will now be possible to use your Coinbase card with Apple Pay and Google Pay. The move means it will be easier to make crypto payments using popular devices like the iPhone XNUMX, and select customers of the service will be invited to try the option starting this week. It will also allow Coinbase service customers to earn up to XNUMX% in crypto rewards. The Coinbase weblog post claims that it will automatically convert any and all cryptocurrencies into US dollars and that funds are automatically transferred to your card after the conversion fee is inferred. The money can then be used for purchases and ATM withdrawals. However, you will first need to be on the Coinbase card waiting list to be considered. According to Coinbase, this movement responds to the increase in the number of mobile payments, which increased by XNUMX% only in XNUMX. Gradually more people are also using Apple Pay or Google Pay, thus the incentive to earn crypto rewards on relevant spending. seems like a logical development.
Coinbase card
Anyone wishing to take advantage of the Coinbase card incentive program will first need to join the waiting list, which must then be followed by an email invitation and the need to fill out a short application. One obvious advantage of Coinbase autos is that because it's a debit card, there's no impact on your credit score, while there's also no application fee. However, Coinbase states that other standard fees may apply. When you approve the Coinbase card, you will be able to use Apple Pay and Google Pay. Apple Pay users can add the card from the Apple Wallet app or choose it in the Coinbase app. Google Pay users can add the card through their Google Pay app. Meanwhile, new customers of the service will also receive a physical card. Apple is already busy trying to hire a new business manager for its expanding alternative payments service, as we reported last week. The Coinbase news is another indicator that the American computer giant is increasing its interest in cryptocurrencies and other non-US dollar-based payment systems. LaComparacion has the support of its audience. TechRadar does not endorse any cryptocurrency or blockchain-based services, and readers should not construe TechRadar content as investment advice. Our chroniclers only hold small amounts of cryptocurrencies (valued at less than €XNUMX), which are required for portfolio and stock reviews, and do not hold shares in any currency of the publicly traded cryptocurrency company.