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Coinbase Rolled Out Supporting Features For Apple Pay-enabled Crypto Purchases

By Natalie Wu | August 9, 2021
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Crypto exchange behemoth Coinbase has reportedly revealed a development facilitating Apple Pay-enabled crypto assets purchases, across its platform, with a Google Pay integration down the pipeline. 

Specifically, Coinbase reportedly disclosed details of the roll-out via its blog post, promoting the feature as offering methods to purchase crypto in a new and seamless manner, via connecting customers’ debit cards with Apple Pay and Google Pay, with “instant cashouts up to $100,000 per transaction available 24/7”. 

“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” 

Coinbase further shared that the Google Pay supporting feature is slated to be released “later this fall.”

Further data in the same post additionally revealed information regarding the “instant cashouts via Real-Time Payments (RTP)”, equipping US-based clients with linked bank accounts, offering cash out of a maximum of $100,000 every transaction, in an immediate and secured manner. 

High-profile virtual asset exchange Gemini reportedly also carried out a project of the same kind in April this year, finalizing the integration of Google Pay and Apple Pay cash transfer options on its platform.

Coinbase completed its public listing under the ticker symbol COIN in the first half of 2021, and has put in extensive efforts to keep it operation thriving throughout the years, with a target of staying compliant with regulatory bodies. 

A new United States bill is currently seeking regulatory greenlight, which entails alterations to the nation’s crypto tax requirements.

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