Coinbase has reportedly rolled out a new feature, making crypto rebates of a maximum of 4% available to individuals making payments using Apple Pay and Google Pay.
Specifically, via an announcement on Coinbase, the exchange service reportedly disclosed that beginning from June, a few selected clients in the whitelist will be able to experience the crypto rebate update.
Per Coinbase, any individual who uses Apple Pay or Google Pay-enabled Coinbase cards will have the ability to generate a maximum of 4% in crypto rewards for online shopping.
“Splurging for guacamole with your Coinbase Card is a no-brainer when you can earn 1% back in Bitcoin or 4% back in Stellar Lumens”
Previously, Coinbase has reportedly taken the role of a direct Visa card issuer in February last year. By the following month, EU-based Coinbase Card users already had the freedom to utilize their cards through Google Play.
The update from Coinbase reportedly surfaced during the time when noteworthy development in US-based mobile phone payments was recorded. Despite China still in the top spot when it comes to mobile phone payment penetration, the US sector experienced a 29% surge last year.
Aside from the maximum 4% crypto rebate, the exchange additionally disclosed that there are plans down its pipeline to widen the scope of its Coinbase Card reward program.
Since June 2019, an increased number of nations have been included in the Coinbase Card coverage, while expanding the list of its supported virtual currencies to further cover stablecoins, nominally Dai.