Coinbase users can now buy crypto with Apple Pay
Crypto exchange Coinbase announced on Thursday that users can now use Apple Pay to purchase crypto assets on its 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.
Coinbase expects to enable Google Pay functionality “later this fall.”
Buying #Bitcoin just got easier! You can sync your ApplePay wallet to Coinbase using any Visa or MasterCard debit card.
— Bitcoin Archive (@BTC_Archive) August 5, 2021In the same post, Coinbase announced “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.”
Digital asset exchange Gemini made a similar move back in April, integrating Google Pay and Apple Pay cash transfer options on its platform.
Coinbase went public under the ticker symbol COIN earlier in 2021 and has significantly developed its business over the years, aiming for compliance with regulatory agencies.
A new United States bill presently awaiting approval includes alterations to the country's crypto tax requirements. Coinbase's CEO, Brian Armstrong, recently expressed disagreement with the bill, calling one aspect nonsensical.