Crypto.com has announced the integration of Apple Pay into its mobile app and website. Apple does not support the crypto payment directly, but Crypto.com users in the US would be given an option to make the in-app purchases. Purchases can be made with both credit and debit cards through Apple Pay.
Crypto.com specifically was onboard with the decision to incorporate this feature for its customers as it could make transactions convenient and ensure that the security is not compromised. Additionally, users who own Apple Card as their payment method while buying crypto will be eligible to receive 2% in Daily Cash on their purchases.
The exchange wants its users to be able to deposit their funds easily using Apple Pay. This particular service shall be made available through the Crypto.com app itself.
However, this new feature is only available to US users, excluding residents living in New York state and US territories of Puerto Rico, Guam, American Samoa, Northern Mariana Islands, and the Virgin Islands.
Despite this, the platform has plans to push out the feature to other countries in an ongoing manner in the coming times. The new feature will include ongoing debit and credit fees, which might be charged on the protocol.
In this new service, the exchange will also apply trading limits for crypto purchases. Apple Pay on iOS devices help conduct easy payments for iPhone users.
For this feature to work, the client should carry a US-issues Visa, Mastercard, or Maestro card, which has been provisioned to Apple Pay. Once the users have linked their bank account to the Apple Wallet, they will be able to use Apple Pay to conduct crypto purchases on the Crypto.com application.
As reported earlier, Crypto.com has agreed on a sponsorship deal with FIFA for the Qatar World Cup, being held this year in Qatar. The Singapore-based company will be the exclusive cryptocurrency trading platform for the famed sports event, which runs from November 21 to December 18.
The crypto exchange also announced an opening of its headquarters in Dubai, saying it would establish a regional hub in the UAE.