![coinbase app logo coinbase app logo](https://learnertrip.com/wp-content/uploads/2020/06/coinbase-logo.jpg)
More broadly, the combination of those rewards and the ease-of-use of Apple Pay could result in an uptick of Bitcoin-based payments in the U.S.
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The upshot is that Coinbase customers who make purchases in USDC earn 1% back in Bitcoin-a benefit comparable to many credit card rewards in the U.S. While that fee means consumers will still lose money on Bitcoin transactions, there is an important exception: Any transaction they make using the USDC stablecoin doesn't come with a fee. These rewards can offset the 2.75% fee that Coinbase charges for every crypto debit card transaction. users, that benefit comes in the form of earning rewards in the form of 1% back in Bitcoin for every purchase or 4% back in Stellar Lumens. customers can also use Google Pay, which has been available to debit card users in the U.K and Europe since last year.Ĭoinbase Card is intriguing in that, in some cases, it is among the first to offer an economic benefit that can outweigh the fees that go with using a crypto debit card.įor U.S.
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Coinbase adds that those approved for the debit card can begin using it immediately via Apple Pay even if they are waiting for the physical card to arrive.