If You're Struggling to Utilize Your Bitcoin Reserves, Apple Pay Provides a Convenient Solution Now.
Bitcoin's on a roll, smashing records left and right. SOON, you might be able to use the digital currency to snag a shiny new Tesla. And guess what? Starting from Friday, you can utilize Bitcoin (and other cryptos) to splurge online using Apple Pay.
BitPay, the beloved crypto payment processing service, has made a splash with its latest announcement. Prepaid Mastercard users in the U.S. can now link their BitPay cards with Apple Wallet, allowing them to make Bitcoin-funded purchases anywhere Apple Pay is accepted worldwide. To join the party, download the latest version of the BitPay Wallet app, which supports a diverse lineup of cryptos such as Bitcoin, Bitcoin Cash, Ether, Gemini Dollar, USD Coin, Paxos Standard, and Binance USD.
The buzz doesn't stop there! BitPay aims to introduce support for Google Pay and Samsung Pay by the end of March, according to CNET.
"Our BitPay Wallet app users have been making waves with the BitPay Card," shares BitPay CEO Stephen Pair in a statement to CNET. "Integrating Apple Pay and soon Google and Samsung Pay makes spending digital currencies straightforward and accessible."
The integration of Apple Pay into cryptocurrency payments follows an interesting crackerjack analysis published earlier this week. Canadian brokerage firm RBC Capital Markets speculated that Apple's popular virtual payment service, with millions of users, could potentially rake in a whopping $40 billion annually by hopping aboard the crypto bandwagon.
Financial mavens remain divided on whether Bitcoin's newfound value signifies a lasting trend or an overhyped speculation fest. Regardless, it seems that Apple is eager to hop on the cryptocurrency hype train.
- BitPay's CEO, Stephen Pair, mentioned that integrating Apple Pay into their Wallet app would make spending digital currencies easier and more accessible for their users.
- The beloved crypto payment processing service, BitPay, aims to introduce support for Google Pay and Samsung Pay by the end of March, according to CNET.
- RBC Capital Markets, a Canadian brokerage firm, published an analysis predicting that Apple's popular virtual payment service could potentially generate $40 billion annually if it were to support cryptocurrencies.
- The integration of Apple Pay into cryptocurrency payments is seen as a leap into the 'crypto hype train' by financial analysts, as Bitcoin's value and popularity continue to soar, with tech companies like Apple showing interest in the technology.
