BitPay is joining forces with Apple Pay as more institutions are inclining toward cryptocurrencies, influenced by Tesla’s $1.5B investment in Bitcoin.
Atlanta-based crypto payment provider BitPay has taken a step further with cryptocurrency transactions by incorporating Apple Pay into its platform. Now users can add the Mastercard Prepaid service to Apple Pay.
This integration will allow users to spend their crypto in a secured, fast manner as well as turning them into US Dollars, the company announced via Twitter. The platform will not only allow customers to spend leading market cap currencies like Ethereum, Bitcoin Cash, and Bitcoin – users can transact with Stablecoins like USDC (US Dollar Coin), GUSD (Gemini US Dollar), PAX, and BUSD (Binance US Dollar).
Exciting day for U.S. based BitPay Wallet app users. You can now add your BitPay Card to Apple Pay® to make online and in-store purchases with crypto. #apple #applepay #bitpay #bitcoin #bitpaywallet #bitpaycard #crypto pic.twitter.com/xeu6vM4yEr
— BitPay (@BitPay) February 12, 2021
BitPay users will be able to use the card and withdraw money from ATMs, store their crypto, and make global payments online with several merchants from Mastercard. Customers who want to integrate their cards into the Apple Wallet need to have the most recent version of the BitPay app via Apple Store.
The BitPay Wallet app enables customers to transact their crypto easily, faster, and with low fees. Users can integrate their Apple Card into the BitPay Wallet to start spending crypto in stores, apps, and online, or convert it to fiat if they wish. The cards will include an EMV chip with several options to secure cards and manage your funds.
BitPay and Apple Pay will Support Crypto Expansion among Institutions
According to Stephen Pair, CEO of BitPay, the recent move follows the institutional adoption for cryptocurrencies globally, as banks, private institutions, and technology corporations like Tesla Inc (NASDAQ: TSLA) are embracing digital assets.
“We have thousands of BitPay Wallet app customers using the BitPay Card who are always looking for new places and ways to spend their crypto. Adding Apple Pay and soon Google and Samsung Pay makes it easy and convenient to use the BitPay Card in more places from day-to-day items to luxury purchases,” stated BitPay CEO Stephen Pair.
As covered by Coinspeaker, a few days ago Mastercard announced that merchants could receive payments in cryptocurrencies this year – although the company didn’t state exactly what kinds of crypto-assets will be allowed. The news impacted positively for the crypto-market as Bitcoin surged another 7% 24 hours later.
BitPay is a leading crypto-payment provider based in Atlanta that offers blockchain-based solutions for clients, including borderless payments, lower fees for transactions, and fraud chargebacks. Now BitPay is joining forces with Apple Pay as more institutions are inclining toward cryptocurrencies, influenced by Tesla’s $1.5B investment in Bitcoin.
I’m a finance journalist and copywriter with a keen interest in the fintech field. I have keen on blockchain technology and cryptocurrency and I believe it can reshape the way we see money and financial freedom.