BitPay, a Bitcoin and cryptocurrency payment provider, announced that U. BitPay Prepaid Mastercard holders can use Apple Pay to make in-store, in-app and online transactions, per the release. The company also said it will begin supporting Google Pay and Samsung Pay later this quarter.
BitPay customers who haven't received their plastic card can add their virtual card to their Apple Wallet through the BitPay Wallet app, the press release said. Apple Pay is joining the list of financial service providers to embrace Bitcoin as a payment method.
The recent news means that BitPay cardholders can use cryptocurrency as a standard payment method wherever Mastercard is accepted. BitPay's mobile wallet lets users convert cryptocurrencies into standard currencies and load them onto their Mastercard , the company said.
Apple Pay can now be used to spend Bitcoin - CNET
Last October, PayPal announced that account holders can not only buy, sell and hold cryptocurrency but also use digital coins as payment to the company's network of merchants. And just last week, Mastercard said it will begin accepting select cryptocurrencies on its network in Early on in the COVID pandemic, consumer usage of mobile wallets lagged despite public health concerns and the need for speedy purchases.
But as the pandemic continues, retailers and their partners have eyed mobile wallets as another way to engage with customers. Last year, David's Bridal partnered with Popwallet to offer its customers perks like coupons, and Afterpay said it would allow users to pay in installments with Apple Pay and Google Pay. Taking a different approach, 7-Eleven introduced a mobile wallet in December that allows users to add cash at its brick-and-mortar locations. Direct to consumer might be the buzziest trend in retail over the past 10 years, but it's not where all the money's going.
Protests against systemic racism this year pushed retailers to take a magnifying glass to diversity, and many areas are lacking. Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. Search x.
Mainstream money
An article from. Courtesy of BitPay. Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email.
Is Apple Buying Bitcoin? Separating Facts From Fiction
Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link.
- Financial News.
- ApplePay will now allow users to make purchases using Bitcoin!
- Latest Stories?
- All replies.
- first time using bitcoin.
- april 12 bitcoin?
It symobilizes a website link url. Copy Link. BitPay said it would also add the cards to Google and Samsung Pay. Customers were "always looking for new places and ways to spend their crypto," said BitPay. Visit the Business section of Insider for more stories. Loading Something is loading.