Millions of Crypto Users Can Now Buy Bitcoin, Ethereum and Dai through Apple Pay and Google Pay.
Through a company called Wyre, users will be able to integrate three different Wyre V2 products. The first two are available today, and the third option will be available by the end of October, according to the announcement. The company’s new products are designed to make purchases of Bitcoin (BTC), Ethereum (ETH) and Dai (DAI) extremely simple and fast.
Only after a user surpasses certain thresholds – $250 for one-time withdrawals/$1,500 for lifetime – will they be required to submit more documentation,
“A significant pain-point that we received feedback on was our KYC process. Users shouldn’t have to manually enter their information, and they certainly shouldn’t be required to upload documents until it’s needed for higher limits. We’ve simplified this process by using the information already provided by Apple Pay and Google Pay.”
This article is not intended to be financial advice. As always, do your due diligence before investing, and never invest more than you can afford to lose.