Online shoppers who pay with their Coinbase Card on Apple Pay, as well as Google Pay, will begin enjoying crypto rebates.
Within an official announcement on the Coinbase web-blog issued earlier on Tuesday, the exchange service revealed that starting in June, some whitelisted customers are going to be selected to start enjoying the cryptocurrency rebate feature.
As a part of the announcement, Coinbase revealed that users who use their Coinbase Card on Apple Pay and Google Pay can earn up to 4% in cryptocurrency rewards for online shopping.
“Splurging for guacamole together with your Coinbase Card may be a no-brainer once you can earn 1% back in Bitcoin or 4% earlier in Stellar Lumens,” the announcement added.
As reported earlier, Coinbase became an immediate Visa card issuer earlier in February 2020. By March 2020, Coinbase Card users in Europe could already utilize their cards on Google Play.
The Coinbase announcement comes amid significant growth in mobile payments within the U.S. while mobile payment penetration within the U.S. still lags behind China’s, the sector experienced a 29% growth earlier in 2020.
Apart from the up to 4% in crypto rebates, the exchange says its other plans to expand its Coinbase Card reward program. Since June 2019, Coinbase Card has added more countries to its coverage while hiking the supported digital assets to even include stablecoins like Dai [DAI].
Cryptocurrency debit cards are continued to be seen as a big part of the efforts to market retail crypto utilization for microtransactions. Meanwhile, payment giants like PayPal have also entered the retail crypto payment arena with United States users to buy online shopping with Bitcoin [BTC].