Apple Pay Now Accepts Coinbase Debit Card

Josephine Nesbit

Sat, Jun 12, 2021, 6:00 PM2 min read

In this article:

Thiago Prudencio/SOPA Images / Shutterstock.com

Coinbase Visa debit cards will now work with Apple Pay and Google Pay, the crypto exchange platform announced Tuesday. The company said it will be inviting select U.S. customers (with the exception of Hawaii) off the waitlist to begin earning up to 4% back in crypto rewards. Coindesk reported that a variation was rolled out in Europe in 2019.

See: Kraken Crypto Trading App Makes Its U.S. Debut
Find: 10 Best Cryptocurrencies To Invest in for 2021

Coinbase Card works just like any other debit card at the point of sale, noted Coindesk, with users able to spend their digital currency everywhere Visa debit cards are accepted. Instead of drawing funds from your bank account, however, the card pulls money from your cryptocurrency wallet.

Rewards include 4% back in Stellar Lumens and 1% back in Bitcoin. Users can pay with contactless, a PIN or withdraw cash from any ATM. They can also select which crypto to pay with through the app.

Coinbase isn’t the only platform offering crypto debit cards. Crypto.com is one of the first exchanges to offer a debit card and accepts over 90 cryptocurrencies. Coindesk also pointed out that Mastercard and Gemini are prepared to launch a crypto credit card with 3% back in Bitcoin or other cryptocurrencies, with more than 250,000 having already joined the Gemini Credit Card waitlist.

See: Coinbase vs. Binance: Which Cryptocurrency Exchange Is Better?
Find: Apple Pay and 4 Other Digital Wallets That Are COVID-Safe

“We see these as having the potential to be used by consumers and merchants in the same way as existing fiat currencies are,” says Nikola Plecas, head of new payment flows, Visa Consulting and Analytics, Europe at Visa, as reported by Forbes. “And when it comes to areas of opportunity, there are many for organizations such as ours.”

Coinbase announced that users can immediately begin using their cards with Apple Pay, reports Coindesk, and the waitlist is still open for U.S. customers.

More From GOBankingRates:

Last updated: June 7, 2021

This article originally appeared on GOBankingRates.com: Apple Pay Now Accepts Coinbase Debit Card

Here's Exactly When Social Security Recipients Can Expect Benefit Cuts, According to the Latest Trustees Report
Social Security payments may be subject to cuts. Here's what the timing looks like.
Motley Fool
Can I Use My RMDs to Transfer Money Into My Roth IRA?
If you're taking a required minimum distribution from an IRA, 401(k) or other tax-deferred account and don't need the money to cover living expenses, where should you stash that unneeded cash? Investors now need to start taking RMDs at age 73 or, if they were born after 1960, at age 75. Depending on the balances of […] The post Can I Use My RMDs to Transfer Money Into My Roth IRA? appeared first on SmartReads by SmartAsset.
SmartAsset
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
The popular growth investor added to these three existing positions on Tuesday.
Motley Fool
How Much Cash Can A $300,000 Annuity Generate For Me Each Month?
Imagine having a reliable source of income you can count on throughout your retirement. That’s the promise of an annuity. These insurance products have been designed to turn your savings into a steady stream of monthly payments. They guarantee peace of mind and financial security in your golden years. Don't Miss: Are you rich? Here’s what Americans think you need to be considered wealthy. Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you. An
Benzinga
Stocks could tank after an ill-advised 'melt-up' if the Fed cuts rates to avoid recession
"Investors' expectation that the Fed would nip a recession in the bud by easing means that the Fed Put is back," Ed Yardeni said.
Business Insider
Can You Guess What Percentage Of A High-Net-Worth Individual's Portfolio Is Typically Held In Retirement Accounts?
High net worth individuals (HNWIs) are those who have at least $1 million in easily convertible assets like cash, stocks, and bonds. They often manage significant wealth across diverse portfolios. As per Empower’s financial dashboard, retirement accounts such as 401(k) plans and IRAs comprise 55% of total wealth for many HNWIs. This is a stark contrast to the median household. Pew Research Center reports that these accounts typically represent only 27% of the net worth of households where at lea
Benzinga
3 Ridiculously Undervalued Stocks to Buy Hand Over Fist Right Now in May
Investing in cheap stocks brings unique risks because there is usually a reason the companies are undervalued.
Motley Fool
Pfizer Stock Is Near An 11-Year Low — But Is It A Buy On This 'Massive' Upside?
Pfizer stock ran up to its 50-day line after the company reported better-than-expected sales and profit. Is PFE stock a buy?
Investor's Business Daily
Morgan Stanley Predicts up to 110% Rally for These 2 ‘Strong Buy’ Stocks
Uncertainty is the word of the day, in reference to the near-term economic future. Sentiment will hinge on the inflation numbers due out next week. March’s figure rose to 3.5%, and April’s job numbers showed a marked slowing in the labor market; that combination has stoked fears of stagflation. But – corporate earnings from Q1 are beating expectations, and the stock market has taken a turn for the better with the S&P 500 closing just below 5,200 yesterday. Economic strategists are still optimist
TipRanks
Second Death - Pfizer Reports Young Boy's Death After One Year Of Gene Therapy Treatment In Muscle Wasting Disorder Trial
A young patient died due to cardiac arrest after receiving Pfizer Inc’s (NYSE:PFE) experimental gene therapy in a mid-stage trial for Duchenne muscular dystrophy (DMD), the company told in a letter to Parent Project Muscular Dystrophy. The boy was enrolled in Phase 2 DAYLIGHT study studying the treatment in boys at least two years old and under four years old. The patient received the investigational gene therapy, fordadistrogene movaparvovec (PF-06939926), in early 2023. Citing Pfizer, Reuters
Benzinga

Recommended Stories