Following last year’s collaborative effort of BitPay and Mastercard to launch a prepaid crypto debit card that readily converts user crypto funds to fiat currencies, the firm announces that the same card can now also be used in the iPhone Wallet application. This development is all thanks to BitPay’s recently announced partnership with Apple Pay.
Although BitPay already has its native wallet application just like Apple, it hopes that the new partnership would result in greater flexibility and functionality for both parties. BitPay currently allows payments in BTC, ETH, BCH, and other stablecoins. Now, the firm aims to bring all that to the 380 million concurrent Apple Pay users worldwide.
As per the BitPay CEO, Stephen Pair, their users want more options to spend their cryptocurrencies. He adds that the inclusion of Apple Pay, and soon Samsung and Google, would certainly be the right step for them. With this, BitPay targets to keep its customers happy while also racking in more profit and exposure.
One could also assume for Apple Pay’s integration to be part of BitPay’s more expansive plan to capitalize on the persisting BTC bull run. This is also supplemented by Bitpay’s filing with the OCC last year to become a national trust bank officially.