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Coinbase Card arrives on Google Pay
Coinbase Card arrives on Google Pay
Blockchain

Coinbase Card arrives on Google Pay

By Alfredo de Candia - 17 Mar 2020

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The official announcement was made by Coinbase, one of the leading exchanges in the world, according to which the Coinbase Card, which also supports the use of the DAI stablecoin, will now be accessible directly from the Google Pay wallet, a service that allows the management of credit cards connected to it.

This way, Google Pay users will be able to use the card for all purchases via their service, becoming the first company to enable the use of cryptocurrencies in complete mobility.

For the moment the service will be offered in the following countries: England, Ireland, Belgium, Finland, France, Italy, Slovakia, Spain, Croatia, Czech Republic, Poland, Denmark, Norway and Sweden, and in the future other European countries will be added, but not America for the moment.

Needless to say, in order to use the Coinbase Card, it must be linked to a Coinbase account from which the relevant cryptocurrencies will be deducted and automatically converted into euros.

Even Eidoo in the world of crypto cards

The world of credit and debit cards with the direct use of cryptocurrencies is expanding steadily and is becoming an extension of decentralized finance (DeFi). Not surprisingly, Eidoo recently also launched its debit card which will be using the EDO token for cashback.

Both for Coinbase and Eidoo there is a mandatory KYC procedure for the use of the debit card and the exchange, but in the case of Eidoo, it is a decentralized wallet so the funds are on a non-custodial wallet and therefore more secure because less exposed to hacker attacks.

There are three types of crypto cards as far as the ones issued by Eidoo are concerned: the BASIC, the VIP and the BLACK versions, and each one requires EDO tokens to be staked or burned.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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