The Second-largest Crypto exchange in the world, Coinbase, announced that now you can buy cryptocurrencies with Apple Pay. The Coinbase now accepts Apple Pay for crypto purchases and quick cashouts of up to $100,000 per transaction. And Soon people will also be able to use Google Pay to buy crypto.
As the time goes by, more and more people are subscribing into the idea of investing into cryptocurrencies. Although, the market vulnerability, global crackdown and scams are the major issues surrounding cryptocurrencies, the global investment in crypto is just growing overall significantly.
People want to buy cryptocurrencies, but the process of buying is always a hurdle and in many parts of the world you just can’t because of imposed restrictions.
The Big crypto exchange platforms like Binance and Coinbase to name a few are trying to ease up the process for their users to acquire cryptocurrencies. Following that route, Coinbase announced that users can now use Apple Pay to purchase crypto. Later this fall, the firm is also planning to introduce Google Pay to buy cryptocurrencies.
Buy Cryptocurrencies with Apple Pay
Coinbase, the Nasdaq-listed cryptocurrency exchange, announced on Thursday that the Coinbase users can buy cryptocurrencies with Apple Pay like Bitcoin, Ethereum and others on their platform. Senior director of Coinbase’s Payments & Financial Hub, Prakash Hariramani, said that they are introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay & Google Pay. Also, instant cashouts up to $100,000 per transaction, which will be available 24/7.
The firm furthermore said that in Coinbase, when you buy cryptocurrencies with Apple Pay on an Apple Pay-supported iOS device or Safari web browser, Apple Pay will instantly show as a payment method if you already have a Visa card or Mastercard debit card connected to your Apple Wallet.
Customers in the United States can also acquire cryptocurrencies via an ACH or wire transfer from a linked bank account, a debit card, or funds in their Coinbase USD wallet, according to the release.
Coinbase announced in June that select users would be able to use the Coinbase Card with Apple Pay and Google Pay. But, according to their latest update, users now no longer need a Coinbase Card to buy cryptocurrencies with Apple Pay.
Coinbase emphasized that it currently accepts crypto buys via linked Visa and Mastercard debit & credit cards in 20+ countries with more countries to come in the future, noting that the company is extending its global footprint.
In addition, the worldwide cryptocurrency exchange Coinbase also revealed that:
Later this fall you’ll be able to buy crypto with Google Pay, a safe, simple, and secure way to pay that’s used by more than 150 million people in 40 countries every month.
Amazon and Cryptocurrency: The Speculations
The speculations regarding Amazon and cryptocurrency are always a hot topic for the financial analyst and crypto enthusiast. The million-dollar question is whether the online retail giant Amazon will ever accept crypto as a payment?
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