thecoinrepublic.com
- Coinbase said on Thursday that consumers may now purchase crypto assets on its website using Apple Pay, with Google Pay integration coming soon
- Instant cashouts through Real-Time Payments (RTP), enabling clients in the United States with connected bank accounts to immediately and securely cash out up to $100,000 per transaction, Coinbase stated in the same article
- Coinbase is expanding its payment and cash-out options in the United States, as well as allowing customers with connected bank accounts to sell as much as $100,000 in a single transaction
Coinbase said on Thursday that consumers may now purchase crypto assets on its website using Apple Pay, with Google Pay integration coming soon. Today, we’re launching new and frictionless ways to enable crypto buys with connected debit cards to Apple Pay and Google Pay, as well as fast cashouts up to $100,000 per transaction available 24 hours a day, seven days a week, according to a Coinbase blog post published on Thursday.
When you buy crypto with Coinbase on an Apple Pay-supported iOS device or Safari web browser, Apple Pay will immediately display as a payment method if you already have a Visa or Mastercard debit card connected to your Apple Wallet, according to the Coinbase blog post.
Instant cashouts through Real-Time Payments (RTP), enabling clients in the United States with connected bank accounts to immediately and securely cash out up to $100,000 per transaction, Coinbase stated in the same article. Gemini, a digital asset exchange, took a similar step in April when it added Google Pay and Apple Pay cash transfer options to its platform. Coinbase went public in 2021 under the ticker code COIN and has grown its company substantially over the years, aiming for regulatory compliance. Changes to the country’s crypto tax regulations are included in a new US law that is now pending approval. Brian Armstrong, the CEO of Coinbase, recently expressed his displeasure with the law, calling one part absurd.
Coinbase is expanding its payment and cash-out options in the United States, as well as allowing customers with connected bank accounts to sell as much as $100,000 in a single transaction. Coinbase revealed new Apple Pay and Google Pay interfaces in a blog post published Thursday, which were previously only available when linked with the Coinbase Visa debit card.
Apple Pay will now display as a payment option when customers transact with Coinbase on their phones using any Visa or Mastercard debit card linked in their Apple Wallets. In the fall, Google Pay will be accessible. As an alternative to Automated Clearing House (ACH) transactions, which may take up to five days, instant cash-outs will be performed using the Real Time Payments (RTP) network. RTP cash-outs provide near-instantaneous financial transfers throughout the clock, with no daily restriction on the amount of cash-outs.