Coinbase announces support for a quick purchase of cryptocurrency through Apple Pay
Coinbase, a NASDAQ-listed cryptocurrency exchange, recently announced its access to the Apple Pay payment platform. Now Coinbase users can purchase cryptocurrencies through VISA or MasterCard bank cards tied to Apple Pay, with a single purchase amount of up to $100,000. Later this year, Coinbase will also access the Google Pay payment platform to facilitate users to purchase cryptocurrencies.
“The Coinbase team at their stand.” by CoinDesk is licensed under CC BY-NC-ND 2.0
Prakash Hariramani, senior director of Coinbase Payments and Finance Center, explained:
“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.”
Later this year, Coinbase will also access Google Pay to allow users to quickly purchase cryptocurrencies. Currently, the purchase of cryptocurrencies on Coinbase through mobile payment has been supported in more than 20 countries or regions around the world. In the future, Coinbase will expand seamless payment to more countries and regions.
