Apple Pay Indirect for Crypto Payments, Via Coinbase Card

Starting today, Apple Pay officially supports Coinbase Card. That means Apple Pay indirectly for crypto payments.

Coinbase Card works like a debit card, when making a payment, it will automatically withdraw money from the e-wallet balance. Coinbase is the largest cryptocurrency exchange and storage company in the United States.

If you have a Coinbase Card, you can add card information to your Apple Wallet through the iPhone app. However, most people who want to own a Coinbase Card are still on the waiting list.

Coinbase says it is sending out invitations to interested users in the US. Therefore, users in other countries will not be able to own and use the services of Coinbase Card. Once registered, Coinbase will begin sending physical cards to users, or they can add the card information to the Apple Wallet app for immediate use.

When paying with a Coinbase Card, any cryptocurrency held in a customer’s Coinbase account can be automatically converted to USD to complete the transaction. Of course, there will be a conversion fee collected by Coinbase.

In addition to Apple Pay, the Coinbase Card is also supported by Google Pay, making it possible to make payments on Android smartphone devices.

Reference: 9to5mac