Coinbase has revealed that consumers will be able to purchase cryptocurrency using Apple Pay and Google Pay with associated debit cards.
The popular cryptocurrency exchange, per a blog post dated August 6, will integrate Apple Pay and Google Pay for easier crypto buys. Coinbase users will now have the flexibility to purchase assets with debit cards attached to the two payment platforms. While Google Pay is expected to be integrated later this fall, Apple Pay integration has already completed.
Real-Time Payments (RTPs) have also been enabled for immediate cashouts of up to £72,115, according to the exchange. Customers in the United States with associated bank accounts can cash out up to £72,115 per transaction instantaneously and securely. Traditionally, the withdrawal would take days to complete.
Earlier, the exchange had announced the integration of Coinbase card with Google Pay and Apple Pay in June 2021. Developments show Coinbase has been working hard to make cryptocurrency purchases as simple as possible. It also intends to establish its own app store, which would include decentralised apps (dApps) created by third parties.
Coinbase’s expansion into additional nations will be aided by its support for Apple Pay and Google Pay. According to the release, Google Pay is available in more than 40 countries and has over 140 million users. The crypto platform presently accepts debit and credit card payments from customers in over 20 countries.
Coinbase’s public offering was a huge event for the arena, and the company has been working hard to improve its platform since then. The exchange had a great stock market debut and has experienced substantial business development, with support personnel employment increasing by 500%.
The San Francisco-based exchange is making new acquisitions to strengthen its platform and services in order to establish itself as a top exchange. Its recent acquiring of Zabo, a crypto data aggregator, is also an indicator of its direction.