Google Pay users can make payments with cryptocurrencies now, thanks to Coinbase Cards, a Visa debit card funded by crypto.
The cryptocurrency exchange announced that Coinbase Cards can now be added to Google Pay wallets for users, apparently allowing for the first time crypto-backed payments from Google Pay-enabled devices, such as phones or smartwatches.
In April 2019, Coinbase, the San Francisco-based crypto exchange, has launched its new Visa debit card for UK. and European Customers. Holders can buy daily goods and services, up to £ 10,000 ($12,100) per day, with cryptocurrencies held in their exchange accounts being instantly exchanged into the corresponding fiat currencies.
How to Use Coinbase Card on Google Pay?
“To get started with Coinbase Card on Google Pay, download the Android app today and securely sign in using your Coinbase account. Once a Coinbase Card has been requested, customers can add their card to Google Pay and start spending their crypto, before the physical Coinbase Card arrives. The Coinbase Card app is also available for iOS users,” Coinbase said in the blog.
The card initially supported only bitcoin (BTC), ether (ETH), litecoin (LTC), and bitcoin cash (BCH) payments. This was expanded in November to include digital assets such as XRP, basic attention token (BAT), and stellar lumens (XLM).
The new feature of Google Pay will be available to users located in some European countries including the UK. And Ireland, Spain, France, Italy and Sweden too. Some time later this year neighboring countries will be added.
Card users will even be able to use the integration with Google Pay before their physical card arrives, Coinbase added.
According to Coinbase:
“This card is issued by Paysafe Financial Services Limited. Paysafe Financial Services Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011(FRN: 900015) for the issuing of electronic money and payment instruments.”