- June 28, 2022
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Crypto.com has recently announced about integrating Apple Pay into its application and website. Apple does not support the crypto payment directly but users of Crypto.com shall be given an option to make the in-app purchases.
These purchases can be performed with the help of both credit and debit cards via Apple Pay. Through this new development, the exchange shall enhance and boost user experience.
Apple Pay will help facilitate a seamless and secure payment method which could be used on the exchange platform to purchase cryptocurrencies.
The exchange specifically was onboard with the decision to incorporate this feature for its customers as it could make transactions convenient but would also ensure that the security is not compromised. Additionally, the users that own Apple Card as their payment method while buying crypto will be eligible to receive 2% in Daily Cash on their purchases.
Apple Pay On Crypto.com Is Only Available In The US Now
Crypto.com wants their users to be able to deposit their funds easily using Apple Pay. The exchanges also are always on the lookout to make it easier for their users to deposit funds. This particular service shall be made available through the Crypto.com app itself.
This new feature is however, only available to users in the US, it excludes residents living in New York state and US territories. The territories include Puerto Rico, Guam, American Samoa, Northern Mariana Islands and also Virgin Islands.
Even though the feature is only available in the US, the platform has plans of pushing out the feature for other countries in an ongoing manner in the coming times. The new feature or functionality shall include ongoing debit and credit fees which shall be charged on the protocol.
In this new service offered by the exchange trading limits for crypto purchases shall also apply. Apple Pay on iOS devices helps conduct easy payments for iPhone users.
Suggested Reading | Crypto.com Wins License Approval To Offer Payment Services From Singapore Regulator
What Does This New Service Mean To Crypto.com
In order for this feature to work, it must be noted that to avail the new payment option the client should carry an US-issues Visa, Mastercard or Maestro card which has been provisioned to Apple Pay.
Once the users have linked their bank account to the Apple Wallet, users shall be able to use Apple Pay to conduct fast and safe crypto purchases on the exchange’s application.
Once the user makes a purchase, they can see the updated balance on their digital asset wallets, along with that, the transaction history shall also be visible on the application.
The new service offering by the platform will positively impact it. It is one of the largest social trading platforms within the space. It has over 200 million global users. This new feature in a form of a partnership will create huge opportunities for both market and online merchants that want to draw digital asset users to themselves.
Related Reading | Crypto.com Steps Up To Boost Security And Privacy Studies Via Donations
Featured image from Forbes, chart from TradingView.com
