Apple Pay can now be used to spend Bitcoin
Bitcoin wallet BitPay's Prepaid Mastercard users in the US can now add their card to Apple Wallet and Apple Pay will now allow Bitcoin to be spent online, in stores and in apps, BitPay said recently. The BitPay Wallet app supports not only Bitcoin but also cryptocurrencies Ether and Bitcoin Cash as well as the dollar-pegged stable coins USD Coin, Gemini Dollar, Paxos Standard and Binance USD.
BitPay even plans to add support for Google Pay and Samsung Pay by March-end. "We have thousands of BitPay Wallet app customers using the BitPay Card," BitPay CEO Stephen Pair said in a statement. "Adding Apple Pay and soon Google and Samsung Pay makes it easy and convenient to use the BitPay Card in more places."
In addition to this, an analyst report Monday suggested Apple should launch its own cryptocurrency exchange. Since Apple Wallet is used by millions, it could generate more than $40 bn by making the jump to cryptocurrency, said the report by RBC Capital Markets.