Coinbase Card Gets Apple Pay, Google Pay Support
- Customers can now use their Coinbase Card with Apple and Google Pay.
- Select users will also be able to earn up to 4% in crypto rewards.
Coinbase CEO Brian Armstrong at Vanity Fair’s New Establishment Summit, October 2019.Vanity Fair
According to a press release published on 1 June, select customers on the Coinbase Card waitlist will be invited to begin earning up to 4% back in crypto rewards. Users will be able to choose whether they want to get 1% back in Bitcoin or 4% back in Stellar Lumens (XLM).
“Using Coinbase Card with Apple Pay and Google Pay makes it even easier to spend and grow your crypto,” the company said in the announcement.
When using the Coinbase Card via Apple or Google Pay, Coinbase will automatically convert all cryptocurrency to U.S. dollars and transfer the funds to users’ cards for use in purchases and ATM withdrawals.
Coinbase’s Apple Pay integration follows similar moves from Lumi, BitPay, and Celsius, all of which have added Apple Pay support in the past six months.
- A little over $13 million in altcoins were sent to crypto exchanges Binance and Coinbase in the past 24 hours, which is in accordance with a September court order.
- The court ordered a phased liquidation process, which allows the bankruptcy estate to sell $3.4 billion worth of digital assets over a certain period of time.
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- Coinbase’s Base blockchain was made available to the public on Wednesday, featuring over 100 dApps and services as part of its ecosystem.
- In order to show its capabilities and promote its mainnet partners, Base has also launched an event called “Onchain Summer” that will allow users to mint exclusive NFTs on the network.
- During an interview with FT, CEO Brian Armstrong said that before the lawsuit a SEC staff member had said that all crypto except BTC was security, and should be delisted.
- When asked how he came to that conclusion, the SEC staff member reportedly said “we’re not going to explain it to you, you need to delist every asset other that Bitcoin”.