Coinbase, a well-known cryptocurrency exchange, has announced that traders can now purchase crypto assets on the site using debit cards linked to Apple Pay.
Today, we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction available 24/7.
If you already have a Visa or Mastercard debit card linked in your Apple Wallet, Apple Pay will automatically appear as a payment method when you’re buying crypto with Coinbase on an Apple Pay-supported iOS device or Safari web browser.
Coinbase blog post
To utilize the new Apple Pay functionality, make sure you’ve linked an Apple Pay-compatible Visa or Mastercard debit card to your iPhone’s Wallet app. Coinbase’s Apple Pay feature presently does not work with linked credit cards.
Furthermore, Coinbase claimed it is making it easier and faster for consumers to access their money by introducing instant washouts using Real-Time Payments (RTP), which allows clients in the United States with linked bank accounts to cash out up to $100,000 per transaction instantaneously and securely.
Coinbase debit cards received Apple Pay functionality in June, allowing them to be added to the iPhone’s Wallet app. The Coinbase Card immediately converts a user’s bitcoin to US dollars and transfers the funds to their Coinbase Card for Apple Pay purchases and ATM withdrawals.