The Coinbase card is in addition to the Wallet applications that can be used to make daily purchases with digital currencies.
Coinbase Global Inc launched an alliance with Apple and Google, owned by Alphabet Inc, on Tuesday that will allow users to add cards from their accounts to the payment apps run by the two tech giants.
The company said it will automatically convert all cryptocurrencies to US dollars and transfer the funds to customers’ Coinbase card for use in purchases and ATM withdrawals.
He also indicated that users can earn crypto rewards on their purchases when using a Coinbase card with Apple Pay or Google Pay.
Coinbase’s announcement comes after PayPal Holdings Inc said it would allow US consumers to use their cryptocurrency holdings to pay at millions of online merchants globally, significantly increasing the use of digital assets in day-to-day trading.