Apple Pay
Coinbase Card Integrates With Apple Pay and Google Pay — Cardholders Can Use Crypto for Payments, Earn Rewards
Coinbase Card can now be used with Apple Pay and Google Pay, allowing cardholders to pay for goods and services using cryptocurrencies. Customers can also earn up to 4% in crypto rewards back when using their Coinbase Card with Apple Pay or Google Pay. Coinbase Enables Debit Card Use With Google Pay and Apple Pay […]Coinbase Visa Debit Card Adds Apple Pay, Google Pay
Coinbase debuts crypto rebate for online shopping via Apple Pay and Google Pay
Whitelisted Coinbase Card users will beable to use crypto to pay on Apple Pay and Google Pay while earning up to 4% inrebates.
Online shoppers who pay with their Coinbase Card on Apple Pay and Google Pay will begin enjoying crypto rebates.
In an announcement on the Coinbase blog issued 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 on 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.
As previously reported by Cointelegraph, Coinbase became a direct Visa card issuer back in February 2020. By March 2020, Coinbase Card users in Europe could already utilize their cards on Google Play.
The Coinbase announcement comes amid significant growth in mobile phone payments in the United States. While mobile phone payment penetration in the U.S. still lags behind China’s, the sector experienced a 29% growth in 2020.
Apart from the up to 4% in crypto rebates, the exchange says it has other plans to expand its Coinbase Card reward program. Since June 2019, Coinbase Card has added more countries to its coverage while increasing the supported virtual currencies to even include stablecoins like Dai (DAI).
Crypto debit cards are continued to be seen a significant part of the efforts to promote retail cryptocurrency utilization for microtransactions. Meanwhile, payment giants like PayPal have also entered the retail crypto payment arena with U.S. customers able to pay for online shopping with Bitcoin (BTC).
According to a Mastercard survey from May, 40% of respondents across the globe have expressed interest in adopting crypto payments in 2022
Apple Hiring Manager With Cryptocurrency Experience to Launch New Alternative Payments Programs
Apple Inc. has posted a job notice for a business development manager with cryptocurrency experience. “This position will be responsible for the end-to-end business development, including screening partners, negotiating and closing commercial agreements, and launching new programs,” the job posting describes. Apple to Hire Manager With Crypto Experience to Lead Its Alternative Payments Efforts Apple […]Gemini users can now buy Bitcoin with Apple Pay and Google Pay
Crypto exchange Gemini has integrated deposits via Apple Pay and Google Pay to simplify crypto purchases.
Major American cryptocurrency exchange Gemini now lets its users purchase cryptocurrencies like Bitcoin (BTC) with Apple Pay and Google Pay.
According to a Thursday announcement, Gemini users can now connect their debit cards to Apple Pay or Google Pay for buying crypto with fiat on the platform. The firm noted that user funds will be available to withdraw one hour after a purchase was made.
The new feature is available for over 30 cryptocurrencies supported on Gemini, including major coins like BTC, Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), as well as Ethereum-based tokens like AAVE, DAI and Maker's MKR.
Gemini did not specify the amount in fees it takes for buying crypto via Apple Pay or Google Pay. The platform retains 3.49% of the total purchase amount from deposits carried out via debit card transfers, while wire transfers and crypto-to-crypto deposits are free of charge.
The cryptocurrency industry has been expanding in recent months in terms of growing integrations with traditional finance payment services like Apple Pay. In February, major crypto payment processor BitPay announced a major Apple Pay integration allowing its users to connect to Apple Wallet and pay for goods and services with digital coins like BTC, ETH and LTC. Crypto payment firm Simplex also enabled Apple Pay users to purchase the COTI cryptocurrency in March.