Coinbase, the largest cryptocurrency exchange in the United States, will allow its users to buy cryptocurrencies with debit cards linked to Apple Pay and Google Pay. And real-time withdrawals of up to $ 100,000 per transaction, 24 hours a day, 7 days a week.
As a curious fact, although the Apple Pay option has been available to Coinbase users since June. It required users to have a Coinbase-branded debit card.
Notably, in a Coinbase blog post, he announced that as of Thursday, Apple Pay will automatically appear as a payment method when buying cryptocurrencies on Coinbase.
«If you already have a linked Visa or Mastercard debit card in your Apple Wallet, Apple Pay will automatically appear as a payment method when you are buying cryptocurrencies with Coinbase on an Apple Pay compatible iOS device or in the Safari web browser.».
Additionally, Coinbase added that Android users could access similar functionality later this fall with Google Pay.
It is worth noting, that this week, the CEO of Coinbase, Brian armstrong, came out against the crypto regulation proposed in the infrastructure bill. And he said it could seriously harm crypto innovation in the United States.
Coinbase Expands Apple Pay Payment Option for Bitcoin and Ethereum Purchases
Currently, Coinbase introduced new and perfect ways to allow cryptocurrency purchases with debit cards. Linked to Apple Pay and Google Pay.
«Today we introduce new and easy ways to enable cryptocurrency purchases with debit cards tied to Apple Pay and Google Pay. And instant withdrawals of up to $ 100,000 per transaction and available 24 hours a day, 7 days a week».
Very important, there are no limits on the number of withdrawals you can make per day. If your bank account is already linked, you don’t have to set up anything.
Specifically, Coinbase users can now buy Bitcoin, Ethereum, Dogecoin, and any other supported cryptocurrency with any Mastercard or Visa debit card. Using Apple Pay.
By the way, the new system will use real-time payments. This will allow clients with linked bank accounts to instantly withdraw their investments.
In the post, Coinbase announced: ‘Instant withdrawals through Real Time Payments (RTP). Allowing customers in the United States with linked bank accounts to collect instantly and securely».
In addition, the real-time payments network is run by The Clearing House, a US payments company, associated with most of the largest commercial banks in the US This service will be reserved for US customers.
Finally, Coinbase is expanding its Apple Pay support, what do you think about it? Let us know in the comment box.
I close with this phrase by Erik Voorhees: «It is not an exaggeration to consider that Bitcoin is revolutionary. We are in a unique and privileged period where we can do something ambitious and disruptive: revolutionize money».