the cryptocurrency develop more and more as an investment alternative and digital payment. And Apple, as one of the most innovative companies in the world, has joined in as a solution when it comes to acquiring them.
According to a 9to5mac post, thanks to the integration of Apple Pay with the multi-currency crypto wallet, Lumi, users will be able to purchase various included cryptocurrencies BitCoin, Celsius, Dai EOS, among other things, through a simple process that omits identification verification.
Apple Pay makes it easier to buy cryptocurrencies
From December 11, 2020, after the launch of the latest version of the app, Lumi Wallet iOS users will be able to choose a new option to purchase cryptocurrency using Apple Pay. This payment method will simplify the purchasing process by not requiring KYC verification., for users who already have an account with the Apple Pay wallet.
Support Lumi with Apple Pay will launch in 60 countries, which include the United States, Canada, Germany, France, United Kingdom, Australia, Singapore, Brazil, Saudi Arabia, and United Arab Emirates.
However, countries will have different restrictions based on anti-money laundering regulations. US citizens will have a purchase limit of $ 500 per day per week and $ 5,000 per year
According to Lumi, Apple Pay support was one of the steps to maximize the usability of the app, which aims to cater to both crypto newbies and more experienced users.
“Our team strives to make the app as user-friendly as possible. Since there cannot be a one-size-fits-all solution, we are going the way of creating our wallet interface in such a way that users have the flexibility to choose the functions they need. Adding Apple Pay as an alternative payment method to buy crypto is one of the steps in this way.
To date, Apple Pay is active on more than 500 million iPhones, which undoubtedly makes it one of the essential payment methods, on platforms offering different services.