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BitPay Finalized Apple Pay Integration For Goods Payment For Its Users

By | March 10, 2021
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BitPay reportedly disclosed details of a new integration to Apple Wallet for its card users, adding Apple Pay as a viable means of payment for goods and services. 

Specifically, the Apple Pay integration is reportedly included in BitPay’s masterplan to earn maximum profit on the momentum of the current crypto bullrun. At the moment, Bitpay is supporting payments carried out using BTC, ETH, Bitcoin Cash, and a wide array of stablecoins.

“We have thousands of BitPay Wallet app customers using the BitPay Card who are always looking for new places and ways to spend their crypto. Adding Apple Pay and soon Google and Samsung Pay makes it easy and convenient to use the BitPay Card in more places from day-to-day items to luxury purchases.” Head of Bitpay Stephen Pair reportedly remarked. 

BitPay has reportedly also submitted a filing to the OCC to obtain greenlight for operating as a national trust bank in late 2020, with “support for Google Pay and Samsung Pay is planned for later this quarter.”

The initiative is reportedly going to have a big impact on crypto hodlers having plans of spending their crypto assets in the real world, taking into account Apple Pay’s size and market saturation. 

Apple Pay is reportedly on pace to make up 10% of all card transactions by 2025 (compared to its current 5% share). 

BitPay’s integration reportedly also make extra features available to users of the Apple Card — a jointly released project with Goldman Sachs to let Apple Pay users to earn cashback on purchases.\

Other Apple-associated cryptocurrency initiatives are reportedly also underway. Royal Bank of Canada Dominion Securities analyst Paul Steves forecasted that Apple may be the next firm to dedicate a sum of its cash reserves to Bitcoin.

 

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