Bitcoin lands on Apple Pay thanks to BitPay
Bitcoin lands on Apple Pay thanks to BitPay
Bitcoin

Bitcoin lands on Apple Pay thanks to BitPay

By Amelia Tomasicchio - 16 Feb 2021

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A few days ago it was announced that Apple Pay will be able to support Bitcoin (BTC) and other cryptocurrencies, thanks to a new service provided by the American company of BitPay.

In fact, the integration was made possible thanks to BitPay’s prepaid card, a Mastercard, which the company announced was compatible with Apple Pay, the iOS app for payments in shops and online.

In addition, BitPay also stated that the service will also be available on Google Pay and Samsung Pay by the end of March 2021.

So currently, BitPay’s debit card is only available on Apple but soon it looks like it will come to Android devices as well.

The cards that bring Bitcoin to Apple Pay

However, the service, at least for the moment, is only available in the United States of America and not the whole world. US citizens will be able to choose whether to use the physical prepaid card or the virtual version, a bit like on the Revolut app.

In general, BitPay’s wallet supports not only Bitcoin but also Bitcoin Cash (BCH), Ethereum (ETH) and four different stablecoins linked to the US dollar, namely USDC, GUSD, PAX and BUSD.

While it was rumoured in 2019 that the company would also support Ripple (XRP), this never happened.

It was June 2020 when BitPay had launched its prepaid cards to be able to spend cryptocurrencies. Top-ups are instant, with no conversion fees and a daily load and spend limit of $10,000. 

The latest news on BitPay

At the end of January 2021, the company announced that it was supporting Wallet Connect in order to interact with decentralized finance (DeFi). Through this wallet, in fact, it is possible to interact with DAI and WBTC.

In addition, a week after this announcement, BitPay also integrated Changelly to be able to buy and sell cryptocurrencies instantly from the app and with only a 0.25% fee.

It’s worth noting that BitPay’s integration into Apple Pay comes at a time when rumours are circulating about Apple’s possible investment in Bitcoin.

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and Business Developer at Huobi for the Italian market.

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