Online customers who pay with Coinbase card through Apple Pay and Google Pay are starting to enjoy cryptocurrency discounts.
In an announcement on the Coinbase blog on Tuesday, the exchange announced that from June onwards, some approved customers will be selected to use the cryptocurrency discount feature.
As part of the announcement, Coinbase announced that customers using their Coinbase card through Apple Pay and Google Pay can earn up to 4% in cryptocurrency rewards when shopping online.
The ad added: “Exaggerating the guacamole with your Coinbase card is no problem as long as you can exchange 1% bitcoin or 4% at Stellar Lumens.”
As Cointelegraph previously reported, Coinbase became a direct issuer of Visa cards in February 2020. By March 2020, Coinbase card users in Europe can use their cards through Google Play.
Coinbase’s announcement comes amid significant growth in US mobile payments. While the US mobile penetration rate still lags behind China, the sector expanded 29% in 2020.
In addition to receiving up to 4% off cryptocurrencies, the exchange said they have other plans to expand their Coinbase Card rewards program. Since June 2019, Coinbase Card has added more countries to its reach, while simultaneously increasing the supported cryptocurrency, even including stacking coins like Dai.
Credit currency debit cards continue to be an important part of the work to advance the granular use of cryptocurrency for microtransactions. Meanwhile, payment giants like PayPal have also entered the cryptocurrency payments arena, where US customers can pay for online purchases using Bitcoin (BTC).
According to a survey conducted by Mastercard in May, 40% of respondents worldwide expressed an interest in introducing cryptocurrency payments in 2022.