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News Commentary #1,348 – HightWolf | Buy Bitcoin With Apple Pay and Google Pay..?!

Here is another news from HightWolf platform (reviewed here) about (as i personally see it) next level of cryptocurrencies integration into world-wide financial system.. According to article two giant payment systems (Apple Pay® and Google Pay™) have just allowed to Gemini exchange users to purchase some coins using them.

Apple Pay® and Google Pay™ are two popular mobile payment technologies. Apple Pay came out in late 2014, and Google Pay (formerly Google Wallet™ and Android Pay™) launched in 2018.

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*I would like to see when the entire banking system (central banks) starts to take BIG steps towards the trend of cryptocurrency adoption .. what will it look like and what will be the steps.. 😉

Here’s the news:

Gemini users can now buy Bitcoin with Apple Pay and Google Pay.

Major American cryptocurrency exchange Gemini now lets its users purchase cryptocurrencies like Bitcoin (BTC) with Apple Pay and Google Pay.

According to a Thursday announcement, Gemini users can now connect their debit cards to Apple Pay or Google Pay for buying crypto with fiat on the platform. The firm noted that user funds will be available to withdraw one hour after a purchase was made.
 
The new feature is available for over 30 cryptocurrencies supported on Gemini, including major coins like BTC, Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), as well as Ethereum-based tokens like AAVE and Maker’s MKR. “All tokens except for DAI are available for purchase with Apple Pay and Google Pay,” a Gemini spokesperson noted.
 
The fees while purchasing crypto with Apple Pay or Google Pay are the same as the fees while purchasing crypto using debit cards. The platform retains 3.49% of the total purchase amount from deposits carried out via debit card transfers, while wire transfers and crypto-to-crypto deposits are free of charge.
 
The cryptocurrency industry has been expanding in recent months in terms of growing integrations with traditional finance payment services like Apple Pay. In February, major crypto payment processor BitPay announced a major Apple Pay integration allowing its users to connect to Apple Wallet and pay for goods and services with digital coins like BTC, ETH and LTC. Crypto payment firm Simplex also enabled Apple Pay users to purchase the COTI cryptocurrency in March.
 
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