Along with Smoothie King having its big Apple Pay news today, the cryptocurrency-based Coinbase’s Visa debit cards now have Apple Pay support.
The company announced it Tuesday morning on its website in a blog post. One of the big features of using Coinbase’s debit card is users of it can get up to 4% in crypto rewards on each purchase they make with the card.
According to the blog post and eMarketer.com, contactless forms of payment made a 29-percent increase in 2020, mostly due to the coronavirus pandemic and the issues that came from it, such as the coin shortage.
When it comes to the setup and getting the card in the Wallet app on the iPhone or iPad, it can all be done in the Coinbase app.
The company has said it is working on a way to give an option to add the debit card to the user’s Wallet app when they are initially approved.
The card can be used in person through devices like the iPhone and Apple Watch, and online through the iPhone, iPad, Apple Watch and Mac.
Here are the terms and conditions of the card:
¹Crypto rewards is an optional Coinbase offer.
²Coinbase will automatically convert all cryptocurrency to US Dollars and transfer the funds to your Coinbase Card (less conversion fees) for use in purchases and ATM withdrawals.
³Purchases made with your Coinbase Card (other than in USD Coin) will typically result in a capital gain or loss. Learn more.
⁴Other standard fees may apply, and will be shared during sign-up.
The Coinbase Card is issued by MetaBank®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. The Coinbase Card is powered by Marqeta.
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