Apple Pay now allows payments to be done with cryptocurrencies on its platform. Apple users can now add their BitPay cards to their Apple wallet. This will enable cryptocurrencies to be spent in stores and in apps and generally online. BitPay currently supports Bitcoin (BTC), Ether, Bitcoin Cash (BCH), dollar-pegged stable coins; USD Coin, Gemini Dollar, Paxos Standard and Binance USD. So if you’re wondering what currency you can use on the platform, now you know.
BitPay also recently announced that it has plans of extending it’s service to Google Pay and Samsung Pay before the end of the first quarter of 2021. This would enable Android users to be able to make payments on stores, and what have you using cryptocurrency enabled by the BitPay Card.
BitPay CEO; Stephen Pair revealed in a statement that the company has thousands of BitPay wallet app customers using the BitPay Card and that including Apple Pay and imminently Google Pay and Samsung Pay will make it easy and convenient for the BitPay app to be used in various platforms.
You need to update your BitPay app to the most recent update before you’ll be able to add your BitPay card to your Apple Wallet.
According to a report by RBC Capital Markets, the inclusion of cryptocurrency for payments on Apple Pay comes after an analyst report that Apple should launch its own cryptocurrency exchange. The speculation was Apple could make more than $40 billion dollars of it makes the shift to cryptocurrency, since Apple Wallet is used by millions.
Apple accepting cryptocurrency on its Apple Pay comes after Elon Musk’s investment in Bitcoin. His company Tesla invested the huge sum of $1.5 billion in Bitcoin and promised to accept Bitcoin in exchange for electric cars in the future.
Cryptocurrency will continue to creep into more payment options and eventually find its way as the best and most preferred option for payment soon enough.