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Topic: Coinbase starts accepting AppleGoogle pay to buy crypto-Start of global trnsfrs? - page 2. (Read 270 times)

hero member
Activity: 2114
Merit: 603
Ahh, this is the news one should not be missing out lately. This kind of development in the market is solid proof that crypto is doing great for the global communism and economy can flow swiftly from one world to another world.

People may not see the impact of these developments just yet, but slowly and steadily they will see the streaks getting built up.

What I mean by the above statement is, slowly apple users who might be earning the income in crypto form will start using crypto balance to transact easily and without touching their fiats. Considering the number of apples users around the world it's gonna be perfect push factor for crypto usage.

Moreover, if Google Pay follows the same, then what the hell, there is Google pay in every single smartphone out of two!! So yeah, seemingly beautiful developments.
legendary
Activity: 2562
Merit: 1399
This can be considered a piece of big news, adding an additional mode of payment for buying Bitcoin on the centralized exchange will expose more buyers, more methods, more options for people to buy, so we can say buying Bitcoin can be more accessible and convenient for some people.
This could be also a trigger for some competitors of Coinbase, especially some centralized exchanges that they will start adding additional mode of payments too.
legendary
Activity: 3038
Merit: 2162
I don't see how it's "big news" if buying crypto on centralized exchanges has always been easy with Visa/Mastercard transactions that are done with a few clicks and process quite fast. If Coinbase allowed some sort of buying Bitcoin without registration, that would be quite a big deal, because registering on exchange and passing KYC is a step that turns away a lot of potential buyers, but we all know it's not gonna happen because of regulations.
jr. member
Activity: 198
Merit: 3
because it starts the exodus out their own countries money and instead into a global payment system.
all world leaders wish this were the case for their own nations money.
member
Activity: 868
Merit: 63
Polygon Bridge
So Coinbase has added some more convenience to its users by allowing Apply pay and with Google pay in the pipeline. This methods offer superfast payments so users will experience speedy turnaround while buying cryptocurrency from Coinbase. It's just a wise business decision so stay ahead of the competition.

Rest assured, each and every transactions will be getting reported to IRS or the local tax authorities as appropriate. They have been doing it anyway so existing users of Coinbase would not worry much about it!
The tax report is the best thing to happen because it's going to be less headache for them to recall all the places that they've got their money from. I don't use any of the services but it's a welcoming thing that they have this already for their users especially Apple pay because they have a lot of users out there and more users is a potential that can adopt bitcoin in their daily transaction if it really gets easier.
legendary
Activity: 3080
Merit: 1500
So Coinbase has added some more convenience to its users by allowing Apply pay and with Google pay in the pipeline. This methods offer superfast payments so users will experience speedy turnaround while buying cryptocurrency from Coinbase. It's just a wise business decision so stay ahead of the competition.

Rest assured, each and every transactions will be getting reported to IRS or the local tax authorities as appropriate. They have been doing it anyway so existing users of Coinbase would not worry much about it!
legendary
Activity: 2828
Merit: 1497
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This is rather big news on a global scale since it allows seamless transactions using these two money transfer services inline to bitcoin.

source: https://cointelegraph.com/news/coinbase-users-can-now-buy-crypto-with-apple-pay

The main thing to take away from this news is they will have a limit of up to $100,000 in a single transaction to be cashed out by their customers.
I don't think any other service allows this on their platform.
With google allowing ads pertaining to bitcoin again, it is showing google's acceptable that it is not a hindrance on their business model after all.
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