The cryptocurrency exchange platform Coinbase is now letting Apple Pay users purchase crypto with Coinbase using any debit card registered with Apple’s mobile payment feature.
STORY HIGHLIGHTS:
- Coinbase adds Apple Pay support for crypto buys
- Apple Pay already works with Coinbase Card
- Support for Google Pay is coming this fall
Coinbase now lets you buy crypto with Apple Pay
Apple Pay support expands on the previous payment methods for buying crypto, including bank accounts via ACH or wire transfer, debit cards, Coinbase wallet and PayPal.
From the announcement on the official Coinbase blog:
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.
So crypto purchases with linked debit cards to Apple Pay are now available.
Support for buying crypto assets with Google Pay is coming later this fall, the company confirmed. Coinbase says is the first crypto exchange to offer instant cashouts via Real Time Payments (RTP). If you live in the US and have linked bank accounts to your Coinbase wallet, this lets you instantly cash out up to $100,000 per transaction.
In June 2021, Coinbase gained support for buying goods at retail stores using Apple Pay and the Coinbase Card, which acts as a Visa debit crypto card (meaning it works anywhere Visa is accepted). Once a user has received their Coinbase Card, they added it to Apple Pay like they would any other debit card. At the time of purchase, a user’s Coinbase Card draws and converts funds from their crypto wallet balance (Coinbase’s standard conversion fees apply).