Coinbase cryptocurrency exchange integrated with Apple Pay and Google Pay

When the largest cryptocurrency exchange - Binance - is going through a more difficult period and focuses on dealing with shortcomings, as suggested by regulators in many countries, its biggest rival - the American cryptocurrency exchange Coinbase - has just taken a huge step, making it easy to buy and sell cryptocurrencies with literally one click. And it's in real time.

First you need to set up an account on the cryptocurrency exchange, then go through the arduous and usually multi-stage procedure of identity confirmation, finally transfer funds to a sub-account and buy the first cryptocurrencies - this is the path that has been followed in recent years by practically everyone who was determined enough to start investing in cryptocurrencies . 

Inevitably, it was repulsive to people who didn't want to get too involved in it. Even for those people who do not mind cryptocurrencies, and even support them, or just want to try, but do not have the time or the desire for tedious paperwork. Now that has changed.

Coinbase integrated with Apple Pay and Google Pay

The largest US cryptocurrency exchange, Coinbase, has just announced integration with Apple Pay as well Google Pay. Thanks to this, every smartphone user with iOS and Android will be able to invest in cryptocurrencies (or simply use them for daily payments) without unnecessary complications. 

- We are introducing new and fun opportunities to buy cryptocurrencies by using connected debit cards for Apple Pay and Google Pay. Instant withdrawals in one transaction are possible up to USD 100 and are available 000 hours a day, seven days a week, said Prakash Hariramani, Coinbase's director of payments and finances on the official blog of the US stock exchange. 

IPhone users can now use the new feature and, according to the stock exchange authorities, it has become extremely popular right away. The payments are actually very simple. Just connect your debit or credit card to Apple Pay (it can be both Visa and Mastercard) and ... now! You don't have to do anything else, sign contracts, fill in applications, forms, etc. 

Work is also coming to an end to make the same service available in the Safari browser, which is popular not only in the USA. 

In a few weeks, this option will also be available to users of Android phones. This is when Coinbase will start supporting Google Pay. 

"- Later this fall you will be able to purchase crypto using Google Pay, a safe and simple method that is used every month by 150 million people in 40 countries around the world" - we read on the official Coinbase blog.

A milestone in the adoption of cryptocurrencies

There is no need to convince anyone that such a service is a huge step in the dissemination and wider adoption of cryptocurrencies among virtually all smartphone users. Thanks to this, many people will certainly buy cryptocurrencies for the first time in their lives and be convinced of them. 

Thanks to this move, Coinbase also wants to throw the gauntlet to the hitherto unchallenged hegemon - Binance cryptocurrency market, which is the undisputed leader in the global digital money trade. Currently, transactions with a total turnover of over PLN 79,3 billion are made on Binance every day. Coinbase can also boast a respectable, but still much smaller volume, exceeding PLN 14,8 billion per day. 

However, Coinbase is the first cryptocurrency exchange in the world to implement the solution of genuinely immediate withdrawal of funds to the client's account. This service is already operating in the US and there are no indications that it will be associated with any problems, delays or inconveniences. Importantly - immediate withdrawal also reduces the risk of additional fees, which has often happened in the case of delayed transactions and the resulting changing costs.

The movement of the Coinbase exchange listed on the Nasdaq stock exchange has caused a dozen percent increases in the prices of most cryptocurrencies over the last few days. Bitcoin already costs 43,6 thousand. USD, and at the weekend for the "king of cryptocurrencies" was paid up to 45,3 thousand. USD.