Coinbase announced yesterday that users can buy crypto assets on its platform through Apple Pay.
The crypto exchange announced this through a blog post. It stated:
“If you already have a Visa or Mastercard debit card linked in your Apple Wallet, Apple Pay will automatically appear as a payment method when you’re buying crypto with Coinbase on an Apple Pay-supported iOS device or Safari web browser.”
Google pay support is expected “later this fall”, according to Coinbase.
Along with offering Google Pay support, Coinbase announced: “instant cashouts via Real-Time Payments (RTP).” Now, residents in the U.S. with linked bank accounts can instantly and securely cash out up to $100,000 per transaction.
Coinbase isn’t the only crypto exchange that offered this support. In fact, Gemini made a similar move, integrating Google Pay and Apple Pay transfer options.
Coinbase, unlike other crypto exchanges, has aimed for compliance with regulatory agencies. Despite this, the crypto exchange has substantially developed its business over the years. Moreover, the crypto exchange went public with the symbol COIN at the starting of the year.
The stock made an explosive opening at the start, reaching as high as $420 at that time. However, a global crypto slowdown and China’s mining ban affected crypto exchanges severely. As a result, Coinbase’s share price felt burnt as in June 2021. The stock price went as low as $220. Nevertheless, COIN is seeing some strong recovering rising to around $255 yesterday.
Coinbase, like other crypto exchanges, expressed dissatisfaction with the new crypto regulations bill in the United States. The company’s CEO, Brian Armstrong, stated that the crypto tax rule makes no sense.