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The integration brings the crypto exchange’s rewards-heavy spending tool to the iPhones of U.S. users.
Coinbase’s Visa debit card will sync with Apple Pay and Google Pay, the crypto exchange said Tuesday.
Additionally, Coinbase said in a blog post it will begin offering cash-back spending reward features to waitlisters this week. The card is available across the U.S. (with the exception of Hawaii); a variation rolled out in European markets in 2019.
The debit card works by converting users’ cryptocurrency balances, such as bitcoin (BTC, -1.72%), to fiat at point of sale, allowing them to essentially pay with crypto at any card-accepting merchant. Notably, it promises 4% rewards in stellar (XLM, +7.34%) and 1% in bitcoin. Most debit cards don’t have a cash-back program, let alone one in crypto.
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