In case you haven’t noticed, Bitcoin has a moment. The value of the cryptocurrency has been reached record heights in recent weeks you will soon be able to buy a Tesla with it, and starting Friday, you can now spend Bitcoin (and other cryptocurrencies) via Apple Pay.
BitPay, a popular cryptocurrency payment processing service, announced that its Prepaid Mastercard users in the US can now link their card to Apple Wallet and use bitcoin to fund their online shopping trips wherever Apple Pay is accepted worldwide. You can add your BitPay card to Apple Wallet through the BitPay Wallet app (you need the most recently updated version), which has support a range of cryptocurrencies including Bitcoin, Bitcoin Cash, Ether, Gemini Dollar, USD Coin, Paxos Standard and Binance USD.
The company plans to roll out support for Google Pay and Samsung Pay by the end of March. CNET reports
“We have thousands of BitPay Wallet app customers using the BitPay card,” Stephen Pair, BitPay CEO, said in a statement to the outlet. “By adding Apple Pay, and soon Google and Samsung Pay, it will be easy and convenient to use the BitPay card in more places.”
The news that Apple Pay will now integrate some bitcoin payments follows one analysis released Earlier this week, it suggested that Apple, whose virtual payment service is already used by millions, could potentially generate up to $ 40 billion a year by getting into the cryptocurrency business, according to Canadian brokerage firm RBC Capital Markets.
G / O Media can receive a commission
Financial experts are divided on whether bitcoin’s recent windfall will persist or if it does just too expensive speculation, but regardless, Apple seems eager to jump on the hype train.