Crypto payment service provider BitPay is giving its prepaid Mastercard cardholders the ability to add their card into Apple Pay, and it plans to roll out support for Google Pay and Samsung Pay later this quarter. BitPay allows its customers to buy and store crypto as well as make online payments via its BitPay Wallet app.
With a BitPay Mastercard, customers can instantly convert cryptocurrency into fiat currency, which can then be loaded onto the card and spent anywhere Mastercard debit is accepted. Thanks to the Apple Pay integration, customers now have a new way to spend their digital assets. As an added benefit, BitPay customers who are waiting for their plastic card to be delivered can add their virtual card to Apple Pay via the BitPay Wallet to begin spending immediately.
BitPay’s integration with Apple Pay follows a host of major payment providers ramping up crypto offerings as digital currencies continue to grow in popularity. Visa and Mastercard have both been expanding their crypto card programs over the last year: As of December 2020, Visa had 32 global crypto card programs and Mastercard had 7, according to data provided to Insider Intelligence from The Block.
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