The US-based cryptocurrency exchange Coinbase becomes the first company to enable users to make mobile payments powered by their crypto balances. Google Pay Adds Crypto-Backed Payments With Coinbase Card.
Google Pay users can now make payments with cryptocurrencies, thanks to a tie-up with Coinbase’s debit card offering. The payment facility is available to customers in the United Kingdom, Republic of Ireland, Belgium, Finland, France, Italy, Slovakia, Spain, Croatia, Czech Republic, Poland, Denmark, Norway, and Sweden.
Coinbase became the first crypto-currency firm to join Visa as a principal member back in February. With Google Pay, Android users can pay for anything from regular travel to end-of-year getaways in the safest way possible using their crypto. which makes makes Coinbase, a cryptocurrency exchange, the first company to enable users to make crypto mobile payments.
Coinbase Card owners can now add a virtual version of the card to their Google Pay wallet, making using their Bitcoin in shops simpler for them. Coinbase Card is a Visa debit card that was launched by Coinbase back in April 2019.
The company said that they are working to expand to other European countries later this year.
Google Pay offers customers of the Coinbase Card a fast and safe way to pay using their smartphones, and other Google-enabled apps.
Customers can attach their card to Google Pay once a Coinbase Card has been requested and start investing their crypto before the actual Coinbase Card arrives. There’s also the Coinbase Card feature available for iOS users.
The owners can purchase regular products and services up to £ 10,000 ($12,100) every day, with cryptocurrencies kept in their exchange accounts being immediately converted to the corresponding fiat currencies.