Google Pay users can now make payments with cryptocurrencies, thanks to a tie-up with Coinbase's debit card offering.
The cryptocurrency exchange announced Tuesday that Coinbase Cards can now be added to users' Google Pay wallets, enabling crypto-backed payments from Google Pay-enabled devices, such as phones or smartwatches, apparently for the first time.
Based in San Francisco, Coinbase launched its new Visa debit card for U.K. and European customers in April 2019. Holders can purchase everyday goods and services – up to £10,000 ($12,100) per day – with cryptocurrencies held in their exchange accounts that are instantly exchanged into the relevant fiat currency.
The new Google Pay feature will be available to users based in some European countries including the U.K. and Ireland, as well as Spain, France, Italy and Sweden. Neighboring countries will be added sometime later this year.
Card users will even be able to use the Google Pay integration before their physical card arrives, Coinbase added.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.