Coinbase Allowing Coinbase Card Usage Through Google Pay

By RTTNews Staff Writer | Published: 3/18/2020 10:24 AM ET

US-based cryptocurrency exchange Coinbase has enabled the usage of Coinbase Card through Google Pay on android devices.

Coinbase recently became the first pure-play crypto company to be approved as a Visa principal member. This membership helped Coinbase issue Visa debit cards known as “Coinbase Card” directly, without depending on third-party issuers. The card enables customers to spend their crypto balances direct from their Coinbase account.

Coinbase Card users can now operate and spend their cryptos without the physical Coinbase Card. The card can be added directly to the users Google Pay wallets and operated as a contactless card.

Following the integration with Google Pay, Coinbase Card customers can use using their smartphones, smartwatches, and other Google Pay-enabled devices and make crypto payments.

The card can be used as easily as a debit card is used to spend money in their bank account. The Card supports all crypto assets that are available to buy and sell on the Coinbase platform. The Coinbase Card app is also available for iOS users, but not enabled for Google Pay integration.

Coinbase Card payments using Google Pay are available to customers in the U.K. and some other European countries such as Belgium, Finland, Slovakia, Republic of Ireland, Croatia, Czech Republic, Poland, Denmark, Norway, and Sweden, Italy, Spain and France.

The cards were initially being issued by a third party, Paysafe Financial Services Limited, which is authorized by the Financial Conduct Authority. Coinbase is the first debit card to link directly with a major cryptocurrency exchange in the UK and EU. It is not approved for use in the U.S.

On Monday, Coinbase rolled out a new feature called Bitcoin transaction batching, which is expected to save users more than 50% on network fees and also significantly reduce the load on the Bitcoin blockchain network.

Coinbase also recently enabled support for users of their wallets to send cryptocurrencies such as Bitcoin using short user-friendly addresses instead of traditional long hexadecimal addresses.

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe