|As BitPay today confirmed that BitPay card users will now connect to Apple Wallet and pay for products and services via Apple Pay, the line of large payment businesses enabling crypto features continues.|
“We have thousands of BitPay Wallet app customers using the BitPay Card who are always looking for new places and ways to spend their crypto,” said BitPay CEO Stephen Pair in a press release. “Adding Apple Pay and soon Google and Samsung Pay makes it easy and convenient to use the BitPay Card in more places from day-to-day items to luxury purchases.”
According to cointelegraph.com, currently, Bitpay supports purchases in BTC, ETH, Bitcoin Cash, and a range of stable coins.
This integration of Apple Pay appears to be part of BitPay’s larger plan to build on the momentum of the recent crypto bull run. BitPay also applied late last year with the OCC to become a national trust bank. “support for Google Pay and Samsung Pay is planned for later this quarter.”
Given Apple Pay’s size and market saturation, the move is a big one for crypto hodlers looking to spend their digital currency in the real world. In a new survey, Apple Pay is well on the way to accounting for 10% of all card transactions by 2025. Integration of BitPay can also enable additional utility for Apple Card users, an initiative launched with Goldman Sachs to enable Apple Pay users to receive cashback on purchases. Worldwide, Apple Pay reportedly has over 380 million customers.