BitPay has now added support for cryptocurrency payments on Apple Pay. The company also announced that Google Pay and Samsung Pay will be supported later this year.
It’s an exciting development, and another example of how companies around the world are making it easier for people to spend cryptocurrency on everyday purchases.
How will it work?
Founded in 2011, BitPay is the world’s largest provider of Bitcoin and cryptocurrency payment services. BitPay Prepaid MasterCard cardholders can make secure purchases online, in apps and in store to buy day-to-day items as well as luxury purchases.
With the new Apple Pay functionality, US cardholders no longer need a physical card to use cryptocurrency to make purchases. Instead, they can add their virtual card to their Apple Wallet and pay in Bitcoin from their mobile phone. To use this feature, cardholders will need to have the latest version of the BitPay app.
What else does the BitPay Wallet app do?
The BitPay Wallet app lets people spend and manage their Bitcoin, as well as pay for purchases using a BitPay card. Power blockchain users can also access a number of options for buying and storing cryptocurrency. The wallet supports a number of cryptocurrencies other than Bitcoin, including Ether and four dollar-pegged stablecoins—USDC, GUSD, PAX and BUSD.
With the BitPay card, people can instantly convert cryptocurrency into regular currency and load it onto the card. Once the card is loaded up, it can be used to spend the converted crypto anywhere Mastercard Debit is accepted. it can also be used to withdraw cash from ATMs.
Bitcoin and mobile wallets
There is an ever-growing list of financial service providers that are embracing Bitcoin, including Mastercard and PayPal. With thousands of BitPay Wallet app customers looking for places they can spend their cryptocurrency, it looks likely this trend will continue and, hopefully, it will become even more convenient and easy to find places to spend Bitcoin.