The largest cryptocurrency exchange in the US Coinbase has been working on expanding its payment and cash-out methods by integrating with Apple Pay that allows an instant cash-out of up to $100,000 per transaction.
Previously, the payments system of Coinbase was only compatible with Coinbase Visa debit cards when synced with Apple Pay and Google Pay. However, users can now access payments via both Visa and MasterCard linked to their Apple wallets. The announcement informed:
“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 will now also offer instant cashouts via Real-Time Payments (RTP) that will allow US customers to instantly and securely cash out up to $100,000 per transaction. Previously, withdrawals via Automated Clearing House (ACH) transfer took up to 5 days to complete a single transaction.
Expanding its reach, Coinbase will soon integrate Google Pay into its system as well. They announced:
“And later this fall you’ll be able to buy crypto with Google Pay, a safe, simple, and secure way to pay that’s used by more than 150 million people in 40 countries every month.”