Coinbase is a platform that allows people to buy, sell and store cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The U.S.-based company has announced support for Apple Pay to buy, and cash out crypto. The service has also added Google Pay.
Apple Pay is a contactless payment service that allows users to replace their physical cards and cash with a digital and secure payment method. With users’ credit and debit cards in the iPhone’s Wallet app, they can make quick payments with a single tap. Apple Pay also powers Apple Cash. Link to eligible debit cards, users can send and receive money directly from the iPhone via Apple Cash. Recently, the company added support for Mastercard debit cards on Apple Cash, along with Visa debit cards.
Buy, sell or transfer up to $100,000 cash on Coinbase via Apple Pay
As per the announcement, users will either Mastercard or Visa debit cards in their Wallet app can use Apple Pay as the method of payment or fund transfer.
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.
Apple Pay is trusted, secure and accepted in-store, online and in Apps across the globe using a credit or debit card with Apple Pay. 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 company says that it accepts crypto buys via Visa and Mastercard debit and credit cards in more than 20 countries and more will be added soon. Apple Pay service, itself, is gradually expanding to more regions. Recently, it introduced support for FNB in South Africa, HeyBanco in Mexico, and ING in Belgium.