Coinbase links its Visa debit card with Apple Pay, Google Pay
June 1, 2021, 10:41AM EDT
1 min read
Coinbase's debit card product is now usable via Apple Pay and Google Pay, according to a Tuesday blog post from the crypto exchange and services provider.
The firm also said Monday that "starting this week, we’ll invite select customers off the waitlist" for its card product. After initially being available to UK and EU-based customers, Coinbase launched its debit card product in the US last October, as previously reported.
The Visa debit card comes with opt-in crypto rewards, including 1% back in bitcoin and 4% back in lumens, the native token of the Stellar network.
"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’ll continue to build more ways for you to maximize crypto rewards and easily use crypto in your everyday life," Coinbase said in the post.
With the debit card move reflective of Coinbase's retail-oriented push, the exchange company continues to build out its institutional offerings as well. Last week, Coinbase announced a new beta version of its prime brokerage services.
Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.