Coinbase announced that users can now use Apple Pay to buy crypto
Coinbase has added Apple Pay as additional payment options to its platform with Google pay integration.
Crypto exchange Coinbase announced yesterday that traders can now use Apple Pay to purchase crypto assets on the Coinbase platform, with Google Pay integration to follow.
“Today, we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction available 24/7,” said a Coinbase blog post on Thursday.
“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 Coinbase blog post mentioned.
Now Coinbase expects to enable Google Pay functionality after adding Apple Pay. In the same blog, Coinbase declared “instant cashouts via Real-Time Payments (RTP), enabling customers in the U.S. with linked bank accounts to instantly and securely cash out up to $100,000 per transaction.”
Crypto exchange Gemini did the same back in April,2021 by adding Google Pay and Apple Pay payment options on the Gemini exchange platform.
Coinbase came on the market with the COIN ticker symbol earlier in 2021 and grew its business over the years.
A new U.S. bill currently awaiting approval includes alterations to the country's crypto tax requirements. Brian Armstrong, Coinbase's CEO,currently disagrees with the U.S. bill, calling one aspect making no sense.