Coinbase users can now buy cryptocurrencies on the platform using Apple Pay, the Nasdaq listed exchange announced on Thursday.
The senior director of Coinbase’s Payments & Financial Hub, Prakash Hariramani, commented on the new announcement:
“We’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”.
Alongside enabling payment on the platform using Apple Pay, the company also plans to allow users to pay with Google Pay, with no need to use a Coinbase Card, which the company had previously announced as a requisite alongside Apple Pay.
Released in a blog post, the statement from Coinbase went on to state that Apple Pay will automatically appear as a payment method:
“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.”
Coinbase has been in the headlines recently for a number of legal issues that it has been battling, including a Class Action lawsuit based on Coinbase’s ‘misleading’ registration statement and documentation on its prospectus for the recent IPO.
Nonetheless, the exchange continues to expand its global footprint, and make its mark as one of the leading crypto exchanges. Coinbase added to its statement:
Later this fall you’ll be able to buy crypto with Google Pay, a safe, simple, and secure way to pay that’s used by more than 150 million people in 40 countries every month.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
