Crypto exchange Crypto.com has announced that it will start accepting Apple Pay as a payment method for its customers in the United States.
Buy Crypto with Apple Pay in Crypto.com App
The popular cashback app took to Twitter to break the news. Crypto.com stated that with just a few taps, U.S users could set up Apple Pay and enjoy payments quickly, easily, and securely.
Those who wish to use Apple Pay in the Crypto.com app will need to first add their credit or debit cards to the Apple Wallet on iPhone. Once they do so, they can make payments with Apple Pay by tapping “Trade” on the homepage of Crypto.com. Under “Trade,” users can tap “Buy” and select “Apple Pay” under Cash, then select the “Buy” button again.
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The transaction charges currently apply to purchases made using credit or debit cards will hold even with Apple Pay payments. When making a payment using Apple Pay, users must tick the checkbox informing them of a 2.99% processing fee.
As soon as a transaction is completed, a user will be able to see their updated Crypto Wallet balances and their transaction history.
Crypto exchange Crypto.com is piloting the feature with its U.S. customers except those in New York State and U.S. Territories. However, Crypto.com promised to roll out Apple Pay to its other customers progressively.
Crypto.com Expands Despite Crypto Winter
Crypto.com integrated Apple Pay amidst an ongoing crypto winter in the industry. However, Crypto.com has managed to stay afloat as it continues expanding its partnerships and investments.
Earlier this week, Singapore’s primary financial regulator gave crypto exchange Crypto.com an “in principle” approval. The approval is the first step for the exchange to secure a Major Payment Institution License, which will permit it to provide various payment services under Singapore’s regulations.