Cryptocurrency exchange platform Coinbase announced on Tuesday Android users may now add their Coinbase Card to their Google Pay wallets. Coinbase claims it is now the first company to enable users to make mobile payments powered by their crypto balances.
“Google Pay gives Coinbase Card customers a fast, secure way to pay using their smartphones, smartwatches, and other Google Pay-enabled devices. With Google Pay, Android users can pay for everything from daily travel to end-of-year getaways using their crypto in the safest possible way.”
Coinbase card payments through Google Pay is now available to customers in the UK, Republic of Ireland, Belgium, Finland, France, Italy, Slovakia, Spain, Croatia, Czech Republic, Poland, Denmark, Norway, and Sweden. Coinbase added that it is working on expanding the service to other European countries later this year.
The latest Coinbase Card news comes just days after Coinbase launched Bitcoin transaction batching, which is a new feature that reduces the load that the platform puts on the Bitcoin blockchain and may actually save uses more than 50% on network fees. Coinbase further explained:
“We will be bundling multiple sends into a single transaction — we anticipate that this will reduce our load on the Bitcoin network by more than 50%, and the network fees our customers pay will automatically be reduced by an equivalent amount when sending. This update requires no action from customers, who will immediately see reduced network fees. This release will introduce a small delay in a transaction being broadcast to the network, but will not impact the time it takes for transactions to be confirmed at the normal rate for customers.”
Coinbase then noted that a single transaction that fulfills multiple users sends requests occupies less space in each block than each being processed individually.