BitPay Adds Support For Apple Pay
Bitcoin payments service provider BitPay has added support for Apple Pay, and its users in the US can now spend BTC wherever Apple Pay is accepted.
BitPay Mastercard holders can now add Apple Pay as an option to pay for goods and services, and the Bitcoin payments firm say they will be adding Google Pay and Samsung Pay later this quarter.
According to the announcement, BitPay cardholders will be able to make online and in-store purchases and spend BTC wherever Apple Pay is accepted.
‘US cardholders of the BitPay prepaid Mastercard can add their card to Apple Wallet and spend with Apple Pay. With Apple Pay, BitPay cardholders can make secure purchases in stores, in apps, and online.’
The company explained that even though new customers were waiting for their plastic card to arrive, they can use the virtual card immediately with the BitPay Wallet app and Apple Pay applications.
The payment provider’s CEO Stephen Pair said the company had listened to its customers who wanted more ways to spend their BTC and other cryptos, and adding Apple Pay makes it more convenient for users.
‘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. 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.’
What Is BitPay?
Founded in 2011, BitPay is a blockchain payment processing company whose mission is to transform how businesses and people send, receive, and store digital assets and cash.
The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth.
Using blockchain technology the company processes financial transactions that enables borderless payments, and makes paying with Bitcoin fast, easy and safe.
The BitPay Wallet app allows customers to manage and spend Bitcoin, and using the BitPay card it instantly converts Bitcoin into fiat currency and allows users to spend anywhere Mastercard is accepted globally.
Cardholders can also use the cards to withdraw cash from ATMs, and spend Bitcoin wherever Mastercard is accepted instore or online.
And now with Apple Pay support, BitPay cardholders will also be able to spend their BTC wherever Apple Pay is accepted.
More Options To Spend Bitcoin
As Bitcoin grows up and gains mainstream acceptance, more companies are beginning to plug into it. Apple Pay is the latest, and although its only facilitating payments through PitPay, we should expect a full roll out from Apple itself.
Added with the likes of Strike Global, which uses the Bitcoin and Lightning networks to allow users to send and receive money instantly, and the city of Miami wanting to integrate Bitcoin payments into its economy, and it’s clear which way Bitcoin is going.
Most people will agree that Bitcoin is a store of value, for now. However, as payment applications roll out and spending Bitcoin becomes much easier and cheaper than using legacy payment providers, it will become an everyday currency.