Coinbase Global Inc launched a collaboration with Google from Apple and Alphabet Inc. on Tuesday that will allow users to add cards from their accounts to the two tech giants’ payment apps.
The Coinbase card added to wallets can be used to purchase everyday goods using digital currencies, the largest U.S. cryptocurrency exchange said in a blog post. (https://bit.ly/3wN2wNN)
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The company said it will automatically convert all cryptocurrencies to US dollars and transfer the funds to a customer’s Coinbase Card for purchases and ATM withdrawals.
It is also said that users can earn crypto rewards while shopping when using a Coinbase Card with Apple Pay or Google Pay.
Coinbase’s move comes after PayPal Holdings Inc. announced that it would allow U.S. consumers to use their cryptocurrency holdings to pay millions of its online merchants worldwide, which would significantly increase the use of digital assets in everyday commerce.