America’s largest cryptocurrency platform, Coinbase, has announced it will add options allowing its users to purchase coins on the platform using Apple Pay.
This is currently the first option in the world allowing users to use Apple Pay to buy crypto.
In June, the Coinbase crypto card was added to approved payment methods on Apple Pay and Google Pay.
Coinbase Continues to Expand Payment Options
The new addition is to strengthen safety and security for its users to buy crypto. Payment options available on platforms like Apple Pay can ensure users do not have to go through long processes just to get crypto-assets.
In addition, Apple Pay is also one of the most trusted digital wallets to date.
Coinbase uses the information linked to users’ Apple Pay to purchase crypto.
As such, if a debit card is already added to a user’s Apple Pay wallet, they can pay for crypto purchases through an Apple Pay option that will appear on Coinbase. The process is available not only on any Apple Pay-enabled iOS device but also through Safari web browser.
Coinbase users can get instant cashouts of up to $100,000 on a single transaction. This option is available for users on the platform on a 24/7 basis, allowing them to have instant access to cashouts.
This process not only can also cut off high, uncapped fees that are charged to customers when using ACH to cash out but also reduce the length of time required for a withdrawal.
New Payment Options
According to an announcement, Coinbase is also set to add an option for users to be able to buy crypto on Google Pay later this year, which will give 150 million people in over 40 countries the option of seamlessly buying crypto.
These additions will offer more selection of purchase cryptocurrencies for users. The U.S. customers can use debit cards, wire transfers, ACH, or just using funds currently available in their Coinbase USD wallets.
