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Google Pay Opens Door to Mainstream Payments for Coinbase's Crypto-Debit Card

Coinbase and technology giant Google have partnered to enable Android and iOS users to link their crypto-based Coinbase card into their Google Pay wallets, facilitating cryptocurrency payments on a mainstream platform used by millions.

Android and iOS Users Can Now Make Crypto Payments

Coinbase card (a visa-based debit card), which can be funded with crypto, is now working with Google Pay. This makes Coinbase, the largest crypto exchange company in the US, the first firm to enable android and iOS users to make mobile payments with cryptocurrencies. Android clients can now add the Coinbase visa debit card directly to their Google Pay wallet and pay with cryptocurrency for various services on the app.

Google Pay gives Coinbase card users a secure and quick approach to pay using their smartwatches, tablets, smartphones, and other Google Pay-enabled devices. Android clients can pay with Google Pay for anything using their crypto in a cheap, fast, and the most secure conceivable way. Clients will be able to tap into various cryptos like Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Bitcoin (BTC), and digital assets like XRP (XRP), stellar lumens (XLM), and basic attention token (BAT) balances to make daily purchases.

Coinbase card payments on Google Pay is now available for clients in 14 countries such as France, the US, the UK, Belgium, Finland, Ireland, Italy, Poland, Croatia, Czech Republic, Sweden, Norway, Denmark, and Slovakia. The crypto exchange firm intends to work on expanding the integration to other EU regions later this year.

Clients who intend to enjoy the valued benefits of paying with cryptos on Google Pay should go ahead and download the Coinbase card app on iOS and android devices and sign in using Coinbase account credentials. Once a client has requested a card, he or she can add it to Google Pay app and spend crypto with it to pay or buy anything even before the arrival of the physical card.

As an effort to power online, in-store, and peer-to-peer payment worldwide, Google Pay is anticipated to expand its users to 100 million globally in 2020, up from 39 million in 2018. The popular digital wallet is the second most widely utilized contactless mobile payment provider along with Korean tech Samsung, which is on the right track to having the same numbers of users worldwide. The two firms trail only Apple Pay that has more than 220 million users globally.

The Bid to Make Coinbase Payment Available in Several Regions is real

Based in San Francisco, Coinbase has been active in its to provide mobile payment facilitated through users’ crypto balances. In February 2020, the company partnered with the credit card giant Visa to make it possible to bring the Visa debit card accessible to UK and Europeans customers. The latest Coinbase’s move to support the Goggle Pay integration is set to enable the company to expand its availability to more markets.

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Coinbase Launches Crypto Card Connecting with Apple Pay & Google Pay

A select group of US citizens and customers of Coinbase cryptocurrency exchange who had preregistered for the company’s cards dubbed Coinbase Cards will begin receiving invites to apply for the product.

The Coinbase Card is a debit card that does not impact customers’ credit scores. The card can link to Apple Pay and Google Pay for easy payment at the point of item purchases. For users keen on privacy, the duo of Apple Pay and Google Pay uses tokenisation to keep users’ data safe. As such, the hallmark of crypto, which is data security, will not be compromised.

According to Coinbase, those approved for the cards can start using the digital version right now, not need to wait for the physical card. While this product is the latest from the firm, there are plans under incubation to roll out additional products that will make crypto easily spendable in everyday life.

As Coinbase revealed, new cards will see users spend their cryptocurrencies anywhere while earning rewards or cashback of up to 4% on all shopping.

Cryptocurrencies are here to stay, with thousands of such virtual assets now in the markets besides Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and other such prominent coins. Subject to their volatile nature, they are hardly considered for e-commerce as their values are often fluctuating. However, the new crop of products being rolled out by platforms such as Coinbase is easing the transition and the use of crypto in everyday life. This product complements the broad range of support for all array of digital currencies by the firm.

Established institutions best champion the journey of digital currencies onto the mainstream adoption cycle. As a Nasdaq-listed public firm, Coinbase’s role in advocating the broader acceptability of cryptocurrencies is vital. The firm is notably playing this role well, but the moves will resound more should the firm’s products being rolled out on a global scale.

Coinbase Supports Apple Pay to Purchase Cryptos and to Integrate with Google Pay

Coinbase officially announced today that it provides customers with more payment methods for transactions and allows users to use Apple Pay to purchase cryptocurrency assets on its trading platform. It is expected to integrate with Google Pay in the fall of this year.

With the addition of Apple Pay and Google Pay, customers can use Visa or Mastercard debit cards linked to Apple Wallet or Google Pay to pay for purchases and withdraw funds, not just using Coinbase Visa debit cards.

The official Coinbase blog post writes that on August 6:

“Today we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction available 24/7.”

Apple Pay will automatically pop up as one of the payment methods when users use Apple’s IOS device or Safari web browser to purchase on the Coinbase platform.

Coinbase, a cryptocurrency exchange that provides instant cashing through a real-time payment (RTP) network, has been committed to providing customers with faster channels for transferring funds and continuously expanding the global beneficiary groups in different countries/regions.

The real-time payment (RTP) network allows 24/7 unlimited exchanges, which solves the traditional need to transfer funds through an automated clearing house (ACH) for up to 5 days without paying the high cost of unlimited fees.

Coinbase now accepts connected Visa and Mastercard debit and credit cards to purchase cryptocurrency in more than 20 countries.

Crypto.com to Integrate with Google Pay

Cryptocurrency exchange Crypto.com officially announced Thursday that it will offer customers more ways to pay for transactions by allowing Android users to use Google Pay to buy crypto assets on its exchange.

Google Pay is a digital wallet and payment platform from Google. It enables users to pay for transactions with Android devices in-store and on supported websites, mobile apps and Google services, like the Google Play Store.

The company said it will integrate with Google Pay next week.

With the addition of Google Pay, customers can use a Visa or Mastercard debit card linked to their Google Pay account to pay for purchases and withdraw money in more than 250 cryptocurrencies available to approximately 50 million users worldwide.

Crypto.com has been expanding its market of operations and has been licensed to operate in several countries, including Greece, Singapore, and Dubai.

A few days ago, Singapore-based cryptocurrency exchange, Crypto.com secured the registration and regulatory approval from the Organismo Agenti e Mediatori (OAM) in Italy.

More online payment options are available for users and diversify the channels for users to trade.

Last August, Coinbase provided customers with more payment methods for transactions by allowing users to use Apple Pay to purchase cryptocurrency assets on its trading platform.

Crypto.com Offers Google Pay and Apple Pay Support for Canadian Users

Crypto exchange Crypto.com has announced that Google Pay and Apple Pay are now available for Canadian users for their products.

Canadian users can now connect their bank cards when using the Crypto.com Visa card, link their digital wallets, and use Google Pay and Apple Pay for payments.

The exchange also said that iOS users with Apple Watches will also be able to use the service.

Despite the latest options are currently limited to Canadian users, the Crypto.com community is optimistic that the service will soon be available to users in other parts of the world.

Back in July, Cryptocurrency exchange Crypto.com officially announced that it will offer customers more ways to pay for transactions by allowing Android users to use Google Pay to buy crypto assets on its exchange.

Crypto.com has been actively expanding lately. It has received regulatory approvals in several countries. The exchange recently has additional registrations and licenses in France, expanding its footprints in Europe after Italy, the UK, and Greece.