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Coinbase integrates Apple Pay for crypto investments Coinbase integrates Apple Pay for crypto investments

Coinbase integrates Apple Pay for crypto investments

The crypto exchange onboarded one of the worldโ€™s most popular payment processors for its crypto payments services.

Coinbase integrates Apple Pay for crypto investments

Cover art/illustration via CryptoSlate

US crypto exchange Coinbase now allows users to purchase cryptocurrencies on its app via debit cards linked to Apple Pay accounts, it said in a blog post last week.

Apple Pay is one of the top mobile payment players in the world, with 43.9 million users in 2021 alone as per reports. The company has historically kept shunning crypto apps and is very selective in what it allows to be listed, but that sentiment is seemingly changing.

Purchase via Apple Pay

All Coinbase users can now use Apple Pay to purchase Bitcoin, Ethereum, Litecoin, and the several other cryptocurrencies listed on its platform: โ€œFast, familiar, and secure ways to move money in and out of Coinbase are key to bringing more people into the crypto-economy for the first time,โ€ said Prakash Hariramani, senior directorโ€”payments and financial hub, Coinbase.

He added, โ€œWeโ€™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.โ€

A Google Pay integration is expected soon, opening up Coinbaseโ€™s services to a potential 150 million around the world (based on if Coinbase allows users from all countries in the future).

Meanwhile, Coinbase also stated that it is now the first crypto exchange to offer instant cashouts via Real-Time Payments (RTP)โ€”a move that enables customers in the US with linked bank accounts to instantly and securely cash out up to $100,000 per transaction.