Coinbase has partnered with Google Pay enabling android users to add the Coinbase Card to their mobile wallets.
The Coinbase Card is powered by Visa Debit and funded by Crypto. This makes Coinbase the first company to allow users to make mobile payments using their crypto balances.
From today, Coinbase Card payments using Google Pay are available to customers in the UK, Ireland, Belgium, Finland, France, Italy, Slovakia, Spain, Croatia, Czech Republic, Poland, Denmark, Norway, and Sweden. The company also has further plans to expand to other European countries later this year.
To start using the card, Coinbase customers must download the android app and sign into their account.
Once a Coinbase Card has been requested, customers can add their card to Google Pay and start spending their crypto, before the physical Coinbase Card arrives. The card is also available to iOS users.
Crypto expected to grow
The announcement comes as crypto is expected to grow throughout 2020, with many experts labelling it as innovative.
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Speaking in CI’s 2020 forecasts, Phil Mochan, co-founder of Koine, explained how he thinks crypto will grow throughout 2020.
“Stablecoin announcements will probably grow faster than volumes, but it’s entirely possible to envisage total issuance greater than $10bn by year end, with daily trading volumes greater than $40bn per day by the year end,” he said.
“We will look to see a new stable coin emerging in Asia around Q4 2020, designed for institutional capital markets. Settlement coins, backed by the largest banks, will fight for market share amidst limited volumes.
“In contrast, we expect the Libra project to make limited headway in 2020, but we might see central banks increasingly signposting the way forward towards their own issuance of digital money. However, no central bank issuances of any significance to retail market will take place in 2020.”