US-based cryptocurrency exchange Coinbase said making purchases using a Coinbase Card after adding it to Apple Pay and Google Pay can earn the user up to 4 percent back in crypto rewards. This will also enable the user to easily spend their cryptos while shopping online at home and on the go.
Coinbase will begin testing the new offering with a select list of invited U.S. customers, who will begin earning up to 4% back in crypto rewards on all their purchases using the Coinbase Card along with Apple Pay and Google Pay. Customers on the waitlist for Coinbase Card will be invited for the testing.
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, Coinbase Card users can earn cryptoback’s for their purchases.
The Coinbase Card user can either earn 1 percent back in Bitcoin or 4 percent back in Stellar Lumens. This will enable the user to spend their cryptos, while also growing their crypto balances.
Coinbase Card is a Visa debit card that is issued by Coinbase after it was approved as a Visa principal member, without depending on third-party issuers. The card enables customers to spend their crypto balances direct from their Coinbase account.
Coinbase Card users can operate and spend their cryptos without the physical Coinbase Card by adding it to their Google Pay or Apple Pay wallets and operated as a contactless card.
The card can be used as easily as a debit card is used to spend money in their bank account. The Card supports all crypto assets that are available to buy and sell on the Coinbase platform. Apple Pay and Google Pay use tokenization to keep the users card information safe and enable secure purchases.
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