Coinbase Enables Apple Pay To Purchase Cryptocurrencies

American cryptocurrency exchange Coinbase will soon allow its users to purchase Bitcoin using Apple Pay. Later this fall, Google Pay customers will be able to use this feature as well.

Apple pay image

ACH or wire transfers from a connected bank account, a debit card, funds in their Coinbase USD wallet, as well as funds from a linked PayPal account or Visa or Mastercard debit card can now be used to acquire cryptos on Coinbase in the U.S.

In cases when a Coinbase user has a Visa or Mastercard debit card connected in their Apple Wallet, Apple Pay will immediately appear as a payment method while they are buying cryptos on the Coinbase platform on an Apple Pay-compatible iOS device or Safari web browser.

Apple Pay is reliable, secure, and widely accepted in-store, online, and in Apps throughout the world.

Coinbase also claims to be the first cryptocurrency exchange to offer instant cashouts via Real Time Payments (RTP), which allows consumers in the United States with linked bank accounts to instantly and securely cash out up to $100,000 per transaction, with no daily limit.

Instant cash outs using RTP let users to receive funds in seconds, 24 hours a day, 7 days a week, without incurring the hefty charges of uncapped fees.

When compared to Automated Clearing House (ACH) transfers, which can take up to 5 days to withdraw funds, this is a significant time savings.

WHAT TWITTER SAYS?

A user posted a tweet regarding the relation between the price hike of bitcoin and the Coinbase tie-up with apple pay.

Another user tweeted about the acceptance of cryptos all over the world.

And they praised coinbase for the announcement and credited the firm for Bitcoin’s price rise.

Coinbase Card is a Visa debit card that is issued directly by Coinbase after it has been approved as a Visa main member, eliminating the need for third-party issuers.

Coinbase visa card
Coinbase visa card/ via blog.coinbase.com

Customers can use the card to spend their cryptocurrency balances directly from their Coinbase account.

By linking the Coinbase Card to their Google Pay or Apple Pay wallets and using it as a contactless card, Coinbase Card users may operate and spend their cryptos without having to carry around a physical card.

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