Coinbase Adds Option To Buy Crypto With Apple Pay, Google Pay To Follow
Crypto continues to see tremendous growth these past weeks. Prices of coins have soared across the board as sentiments continue to skew in the positive. Investors seem to be pouring back into the market, with the market showing patterns that indicate current buy pressure trends are higher than sell pressures. Accumulation patterns continue to show that investors are hoarding their coins instead of selling, as exchange reserves continue to plummet across the board.
More good news continues to rock the market as crypto prices remain in an uptrend. Coinbase recently announced that its users can now buy coins on the platform using Apple Pay. This method was previously unavailable to customers. But Coinbase had, in June, earlier said that users were now able to use their Coinbase crypto card on Apple Pay and Google Pay.
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This was a welcome development as it opened up new ways that crypto enthusiasts could use their crypto cards out in the world. But there still was no option to use Apple Pay to buy crypto, until now.
Coinbase Adding More Payment Options
The move by Coinbase is part of its efforts to add more safe and secure ways for its users to buy crypto. Adding payment options like Apple Pay ensures that users do not have to go through long processes just to get crypto-assets. And what’s more, Apple Pay remains one of the most trusted digital wallets presently.
Coinbase uses the information that is already linked to users’ Apple Pay to facilitate crypto purchases. This means that if a debit card is already added to a user’s Apple Pay wallet, then they can pay for crypto purchases using an Apple Pay option that will appear on Coinbase. The process works with any Apple Pay-enabled iOS device or through a Safari web browser.
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In addition to this comes the ability for users to get instant cashouts of up to $100,000 on a single transaction. Coinbase has made this option available for users on the platform on a 24-7 basis, which means that users will always have access to cashouts, and this process is instant. While bypassing high, uncapped fees that are charged to customers when using ACH to cash out, and also reduces the length of time required for a withdrawal to go through.
More Ways To Buy Crypto
In addition to Apple Pay, Coinbase also announced plans to add in the option for users to be able to buy crypto using Google Pay later in the year. The feature is set to roll out in the Fall, which would open up over 150 million people in over 40 countries to the option of seamlessly buying crypto.
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These additions would add to their existing list of ways their users could already purchase cryptocurrencies. With U.S. customers being able to purchase crypto using debit cards, wire transfers, or ACH, or just using funds currently available in their Coinbase USD wallets.
Coinbase continues to work on more ways to provide users access to buy crypto. Providing global access continues to remain a key focus, and on this note, Coinbase now allows users to purchase crypto using Visa and Mastercard credit and debit cards in over 20 countries presently. And the crypto exchange plans to add more countries to this list as time goes on.
Total market cap recovers | Source: Crypto Total Market Cap on TradingView.com
More methods of purchase are expected to be announced by the crypto giant which had gone public earlier this year. Just as well, the crypto market rages on as the total crypto market cap now sits at over $1.7 trillion presently. Inching close to the $2 trillion mark.
Featured image from Fintechs.fi, chart from TradingView.com