In case you haven’t noticed, Bitcoin is going through a moment. The value of cryptocurrency has reached record heights in the past few weeks, you will soon be able to buy a Tesla with him, and as of Friday, you can spend Bitcoin (and other cryptocurrencies) via Apple Pay.
BitPay, a popular cryptocurrency payment processing service, announced that its Prepaid Mastercard users in the United States can now link their card with Apple Wallet and use bitcoin to finance their online purchases wherever Apple Pay is accepted globally. You can add your BitPay card to Apple Wallet through the BitPay Wallet application (you will need the most recently updated version), which supports a variety of cryptocurrencies including Bitcoin, Bitcoin Cash, Ether, Gemini Dollar, USD Coin, Paxos Standard and Binance USD.
The company plans to launch support for Google Pay and Samsung Pay by the end of March, CNET reports.
“We have thousands of customers of the BitPay Wallet app using the BitPay card,” said BitPay CEO Stephen Pair in a statement to the establishment. “Adding Apple Pay and soon Google and Samsung Pay makes it easier and more convenient to use the BitPay card in more places.”
The news that Apple Pay will now integrate some bitcoin payments follows a analysis released earlier this week, which suggested that Apple, whose virtual payment service is already used by millions, could potentially generate up to $ 40 billion a year by entering the cryptocurrency business, according to Canadian broker RBC Capital Markets.
G / O Media can receive a commission
Financial experts are divided on whether bitcoin’s recent luck will continue or whether it is just expensive speculation, but regardless of Apple seems eager to get on the hype train.