Through Apple Pay, Apple users can now buy and store their cryptocurrencies. To those who frequently utilize crypto transactions, it’s the icing on the cake.
Apple Pay is mobile payment and digital wallet service from Apple Inc. supported on iPhone, Apple Watch, iPad, and Mac. It allows users to pay in person, on the iOS app, and online.
Platforms Open Doors for Apple Pay
Different setups are expanding and adding Apple Pay as an available payment method in the app. The step has opened access to an alternative purchase option for hundreds of thousands of users worldwide.
Opera, the world’s first blockchain-enabled browser, announced earlier this year that users can now buy Bitcoin and Ethereum through their browser. In collaboration with Wyre, an American cryptocurrency brokerage firm, Opera now has an integrated crypto wallet that users can use for crypto transactions directly on it.
Apart from Opera, other crypto wallets for iOS users opened up to Apple Pay. The multi-currency crypto wallet, Spend, is integrated with digital wallets such as Google Pay and Apple Pay. With Apple Pay, crypto users can now do more than making purchases and transfers in-store. Users can link a Shopping Visa Card or Shopping Virtual Visa Card to their digital wallet with Spend. From there, they can make transactions with one of the 16+ cryptocurrencies supported by Spend.
After releasing the latest version of the app, Lumi Wallet’s iOS users will choose a new option to buy crypto using Apple Pay. This payment method offers a simplified purchase process as no KYC verification is required for users with an account with an Apple Pay wallet.
According to the developer’s statement, the requirement for in-wallet integration of several payment systems is a part of the company’s strategy to optimize and improve its usability.
Other Smartphone Brands Attracting Crypto Users
Other smartphone brands are venturing into the crypto world in the quest for more users, especially crypto enthusiasts. Already, some of them are adding features to their phones to attract crypto users.
HTC, an example of its Exodus product, a smartphone with blockchain technology that allows users to store private keys. Samsung will advertise its newest addition to the Galaxy series, the Galaxy S10, as blockchain-controlled phones. Its most notable features are Samsung Knox, a cryptocurrency storage program, and Blockchain Keystore, a crypto-integrated wallet.
Apple is yet to add those features to their phones, but it is evident that they have been eyeing the blockchain and cryptocurrency industry. In fact, in a CNN interview last year, Jennifer Bailey, the Vice President of Apple Pay, stated that they were watching cryptocurrency and found it interesting. Further, she stated that they think it has long-term potential.