The mass adoption of crypto is brought closer by the latest events that have been marked in the crypto space.
It’s been just revealed that the crypto startup Lumi makes it possible for anyone who uses Apple Pay to buy Bitcoin, Ethereum and various altcoins.
You can buy crypto via Apple Pay
There’s a new feature in Lumi’s iOS wallet that allows traders to buy crypto via Apple’s popular payments service.
According to the latest reports coming from the Daily Hodl, the app also allows investors to purchase USD Coin (USDC), Tether (USDT), Stably (USDS), Binance (BUSD), Wrapped Bitcoin (WBTC), Wrapped Ether (WETH), Yearn.finance (YFI), Uniswap (UNI), DAI, AAVE, Basic Attention Token (BAT), Compound (COMP), Curve (CRV), Gemini Dollar (GUSD), HUSD, Chainlink (LINK), Maker (MKR), Paxos Standard Token (PAX), Synthetix (SNX), and Universal Market Access (UMA).
It’s been also reported that “Lumi wallet users in the US are limited to $500 purchases per day, $500 per week and $5,000 per year. Limits for users outside of the US are $1,000 per day, $1,000 per week and $7,500 per year.”
It’s also important to note the fact that the purchases can be made anywhere where Apple Pay is available, but it seems that this option is unavailable for people in Vatican City, Ukraine, Montenegro, Monaco, Malta, Man of Isles, Jersey, Liechtenstein, Romania, Russia, Serbia, China, Taiwan, Macao and Kazakhstan.
Apple Pay is one of the most significant mobile payment providers in the world. The platform managed to reach more than 383 million users, according to Statista.
You can check out all the available details about the new feature in the official notes.
A boost for mass crypto adoption
This is a really important move made for the mainstream crypto adoption these days.
Other essential news about boosting adoption involves PayPal.
PayPal is supporting crypto for a while, and this gave Bitcoin’s price and the whole crypto market a massive boost.