Coinbase announced on Thursday that its users can now purchase crypto assets on its website using Apple Pay.
“Today, we’re offering new and easy ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, as well as quick cashouts up to $100,000 per transaction available 24 hours a day, seven days a week,” according to a Coinbase blog post published on Thursday.
“When you buy crypto with Coinbase on an Apple Pay-supported iOS device or Safari web browser, Apple Pay will immediately show as a payment method if you already have a Visa or Mastercard debit card linked in your Apple Wallet,” according to the Coinbase blog post.
Coinbase expects Google Pay to be available “later this fall.”
Buying #Bitcoin just got easier! 🙌
You can sync your ApplePay wallet to Coinbase using any Visa or MasterCard debit card.
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) August 5, 2021
“Instant cashouts using Real-Time Payments (RTP), enabling customers in the United States with linked bank accounts to instantly and securely cash out up to $100,000 per transaction,” Coinbase revealed in the same post.
Gemini, a digital asset exchange, made a similar move in April when it added Google Pay and Apple Pay cash transfer options to its platform.
Coinbase went public in 2021 under the ticker code COIN and has grown its operations dramatically over the years, aiming for regulatory compliance.
Changes to the country’s crypto tax rules are included in a new US bill that is currently seeking approval. Brian Armstrong, the CEO of Coinbase, recently expressed his displeasure with the plan, calling one component absurd.