Coinbase, a platform that can be used for exchanging cryptocurrencies, has created an avenue for users of Coinbase Card who also own Android supported smartphones to integrate the two through Google Pay. This means that the card can now be imitated by a smartphone.
Coinbase Card links a crypto holder’s balance as reflected in the exchange platform which can then be utilized to spend the cryptocurrency through immediate conversion to fiat.
Announced in a blog post made by Coinbase, the new service will only be available to European Union residents as well as those within the European Economic Area including the United Kingdom. However, the card can be used to spend crypto anywhere that Visa is supported in the world.
Google Pay will now imitate the actual card during offline buying as the NFC chip contained in the device will be used on any terminal in which contactless payments have been enabled. This means that Android supported smartphones or smartwatches are eligible for use. However, the NFC chip requirement indicates that various budget-based devices may lack the requisite Google Pay support.
The press release also clarified that due to existing Google Pay restrictions, the service will not be available in various countries where the Coinbase Card is supported. Some of the countries where Google Pay has restrictions include the UK, Ireland, Sweden, Spain, Slovakia, Czech, Croatia, Norway, Denmark, Poland, Italy, Belgium, Finland, and France. However, Coinbase has committed to expanding the list of supported countries in the near future.
The linkage with Google Pay now means that one can use the card just after ordering before the physical card can be delivered. It, however, remains unknown whether there are plans to support Apple Pay in the near future to tap into a wider market.