Coinbase’s Visa debit card now supports Apple Pay and Google Pay. The major US cryptocurrency exchange announced this on June 1:
It is now possible for a select group of Coinbase customers to use their Coinbase Card with Apple Pay and Google Pay. Customers can earn up to 1% in Bitcoin (BTC) and up to 4% in Stellar lumens (XLM) on their purchases with the payment card.
It may be the next step in the adoption of crypto as a means of payment. The press release reports that mobile phone payments in the US have increased by 29% in 2020 and that millions of people around the world use Apple Pay or Google Pay for their daily spending.
The Coinbase debit card converts your crypto to fiat currency at the time of payment, which means that you can basically pay with crypto anywhere Visa is accepted. The payment card also launched in Europe in 2019 and a few months later in the Netherlands.
“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 will continue to develop more ways to maximize crypto rewards and easily use crypto in your everyday life.”
According to Coinbase, which today listed Dogecoin (DOGE) on the crypto exchange. Competitor Binance also launched a Visa payment card in the Netherlands at the end of last year. A recent study by Mastercard recently revealed that 40% of respondents are considering using crypto as a means of payment next year.