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Users of whitelisted Coinbase Cards will be able to use cryptocurrency to pay using Apple Pay and Google Pay while earning up to 4% in rebates.
Customers who purchase with their Coinbase Card using Apple Pay or Google Pay will start receiving coin rebates.
In an announcement issued on Coinbase’s blog on Tuesday, the exchange service revealed that starting in June, some whitelisted customers will be selected to begin enjoying the crypto rebate feature.
As part of the announcement, Coinbase revealed that customers who use their Coinbase Card via Apple Pay and Google Pay can earn up to 4% in crypto rewards for online shopping.
“Splurging for guacamole with your Coinbase Card is a no-brainer when you can earn 1% back in Bitcoin or 4% back in Stellar Lumens,” the announcement added.
Coinbase, as previously reported by Cointelegraph, became a direct Visa card issuer in February 2020. Coinbase Card customers in Europe will be able to use their cards through Google Play by March 2020.
The Coinbase announcement comes at a time when mobile phone payments in the United States are experiencing tremendous growth. While mobile phone payment penetration in the U.S. still lags behind China, the sector experienced 29% growth in 2020.
Aside from collecting up to 4% in crypto refunds, the exchange stated that it intends to extend its Coinbase Card reward programme. Coinbase Card has expanded its coverage to accommodate new nations and digital currencies, including stablecoins such as Dai, since June 2019.
Crypto debit cards have been an important aspect of attempts to increase retail bitcoin usage for microtransactions. Meanwhile, payment behemoths such as PayPal have entered the retail crypto payment sector, with US customers now able to pay for online purchases with Bitcoin (BTC).
According to a Mastercard poll conducted in May, 40% of respondents worldwide indicated interest in implementing cryptocurrency payments by 2022.