Bitcoin (BTC) is finally available via Apple Pay

Fri 06 Aug 2021 ▪ 13h40 ▪ 2 min de lecture - par Mary Anderson

Crypto exchange Coinbase, registered on Nasdaq, announced that Bitcoin (BTC) and other cryptocurrencies now can be bought with Apple Pay, allowing withdrawals of up to $100,000 (~£71,800) per transaction. Soon, Google Pay users will also have an opportunity to enjoy the service.

Coinbase adds Apple Pay

On Thursday Prakash Hariramani, senior director of Coinbase Payments & Financial Hub, made a speech where he stated that now Visa or Mastercard cardholders who use Apple Wallet will have Apple Pay as an optional payment method for purchasing cryptocurrency on Coinbase. “If you already have a Visa or Mastercard debit card linked in your Apple Wallet, Apple Pay will automatically appear as a payment method when you’re buying crypto with Coinbase on an Apple Pay-supported iOS device or Safari web browser.”

The US residents have more options and can buy virtual currency through online banking or via direct money transfer performed from a Coinbase USD Card or Wallet.

When to expect BTC in Google Pay?

In June, Coinbase Card holders were provided with the opportunity to use Apple Pay and Google Pay. Now it is enough to just have a Visa or Mastercard card of any bank to pay with Apple Pay. Coinbase projects that this autumn customers will be able to buy Bitcoin and other digital currencies using Google Pay.

Apple Pay and Google Pay have long been on the market and are considered simple, reliable and secure. Today these apps are used by more than 150 million people in 40 countries every month. Yet, would they be as popular for crypto trading? Time will tell.

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Mary Anderson

I am sure that crypto assets are a new type of economy. We are at the origins of the crypto revolution. Right now, it is worth studying what cryptocurrencies and the blockchain are in order to make the most of this knowledge and these skills in the future.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.