A new feature on the Apple Pay wallet has now enabled Holders of the BitPay card to spend their Bitcoin via the wallet.
Users can now make purchases online and in stores using their mobile devices, due to the integration.
Support for Google Pay to be added soon
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
BitPay’s announcement revealed that it will add support for Samsung Pay and Google Pay later this quarter.
Similarly, Mastercard is concluding plans to enable cardholders to receive crypto funds directly on its platform. According to the card payment giant, the feature will be enabled before the end of the year.
visit & create account
Other cryptocurrencies are also supported
The wallet also offers support for dollar-pegged stable coins such as Binance USD, Paxos Standard, Gemini Dollar, as well as USD Coin.
Chief Executive Officer of BitPay Stephen Pair commented that the integration will bring convenience for users. It “makes it easy and convenient to use the BitPay Card in more places,” he stated.
He said users need to have the most recent BitPay app if they want to add their card to Apple Wallet.
Apple has also stepped its feet into the crypto industry, as it’s providing a crypto wallet for the over 1.5 billion users of its devices.
A recent report justified Apple’s branch to cryptocurrency by pointing out the number of users the company can gain to use the app. It has opened the doors for people to buy Bitcoin (BTC) and trade cryptocurrencies since they now have more avenues to spend their tokens.
According to the report, Apple can generate over $40 billion in revenue by adopting cryptocurrency, due to its already existing customer base.
It suggests that Apple shouldn’t waste time deliberating on the viability of jumping into cryptocurrencies because there are obvious benefits for the company.
Apple’s decision to add Bitcoin is coming few days after Tesla’s chief executive officer Elon Musk announced that the company will start accepting Bitcoin payments very soon.