Crypto exchange Gemini has integrated deposits via Apple Pay and Google Pay to simplify crypto purchases.
Major American cryptocurrency exchange Gemini now lets its users purchase cryptocurrencies like Bitcoin (cryptoprimacy.com/bitcoin-price-index”>BTC) with Apple Pay and Google Pay.
According to a Thursday announcement, Gemini users can now connect their debit cards to Apple Pay or Google Pay for buying crypto with fiat on the platform. The firm noted that user funds will be available to withdraw one hour after a purchase was made.
The new feature is available for over 30 cryptocurrencies supported on Gemini, including major coins like BTC, Ether (cryptoprimacy.com/ethereum-price-index”>ETH), Litecoin (cryptoprimacy.com/ltc-price-index”>LTC) and Bitcoin Cash (cryptoprimacy.com/bitcoin-cash-price-index”>BCH), as well as Ethereum-based tokens like AAVE and Maker’s cryptoprimacy.com/maker-price-index”>MKR. “All tokens except for DAI are available for purchase with Apple Pay and Google Pay,” a Gemini spokesperson noted.
The fees while purchasing crypto with Apple Pay or Google Pay are the same as the fees while purchasing crypto using debit cards. The platform retains 3.49% of the total purchase amount from deposits carried out via debit card transfers, while wire transfers and crypto-to-crypto deposits are free of charge.
The cryptocurrency industry has been expanding in recent months in terms of growing integrations with traditional finance payment services like Apple Pay. In February, major crypto payment processor cryptoprimacy.com/news/bitpay-integration-brings-crypto-payments-to-apple-pay-s-380-million-users”>BitPay announced a major Apple Pay integration allowing its users to connect to Apple Wallet and pay for goods and services with digital coins like BTC, ETH and LTC. Crypto payment firm Simplex also cryptoprimacy.com/news/apple-pay-integration-and-staking-3-0-launch-push-coti-price-to-a-new-high”>enabled Apple Pay users to purchase the COTI cryptocurrency in March.