Coinbase Card now works with Apple Pay and Google Pay
Cryptocurrency exchange platform Coinbase announced today that its Visa debit card has now been integrated with Apple Pay and Google Pay to make it easier for its users to spend crypto at home and on the go starting this week.
According to the announcement, Coinbasee will invite select customers off the waitlist to begin earning up to 4% back in crypto rewards. If they’re already on the waitlist for Coinbase Card, Coinbase will send them an invitation to apply.
Here is how the card works: Coinbase converts users’ cryptocurrency balances, such as bitcoin to fiat currency at the point of sale, allowing them to essentially pay with crypto at any card-accepting merchant. Coinbase Card users can earn up to 4% in crypto rewards on all their shopping, Coinbase said in a blog post.
Coinbase also clarified that the application for the Card will not affect their credit score.
“If you’re already on the Coinbase Card waitlist, you’ll soon receive your email invitation and will complete a quick application. Coinbase Card is a debit card so signing up will not impact your credit score and there are no application fees⁴. If you’re not on the waitlist, join here.”
Once you’re approved for your card, users can start spending with Apple Pay and Google Pay, and no need to wait for your physical card. Unlike the traditional credit card that you have to carry with you everywhere you go, Coinbase said you don’t have to worry about carrying it around at all times. Plus, Apple Pay and Google Pay use tokenization to keep your card information safe and enable secure purchases.
Coinbase went public back in April. The cryptocurrency startup was founded in 2012 by Brian Armstrong and Fred Ehrsam. It provides a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin.