Coinbase starts accepting AppleGoogle pay to buy crypto-Start of global trnsfrs?

[rdbase]

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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[avikz]

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!

[Kittygalore]

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.

[Mugtaiya]

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.

[hatshepsut93]

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.

[GreatArkansas]

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.

[so98nn]

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.

[Kong Hey Pakboy]

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.

Totally agree with the last one, they need to up their game because it's a battle of convenience now instead of just plain adoption, I think the KYC part shouldn't be the problem of users when they are buying crypto, I mean those are probably using credit cards so they've already had some trails among themselves.

[DapanasFruit]

While regulator's and lawmakers in USA are debating on the details of the coming regulatory framework, we are seeing a nonstop adoption of cryptocurrency by big institutions and platforms in the business. I am sure ApplePay and GooglePay are fully aware that the future is crypto and they would not want to miss the chance to have a slice of the profitable pie, so to speak. And when we say big players getting in, we can speak those not-to-big to also follow the trend.

[slaman29]

Instant 100k cashouts sounds pretty big crazy to my ears doesn't it? I mean Binance got in trouble for 2 btc withdrawal limit a day (which is what 65k? I thought Coinbase was regulated and all that.

You can send people Googlepay credit, IIRC, so it definitely is like a nice way to get crypto without getting traced. except at Coinbase of course.

[leea-1334]

Instant 100k cashouts sounds pretty big crazy to my ears doesn't it? I mean Binance got in trouble for 2 btc withdrawal limit a day (which is what 65k? I thought Coinbase was regulated and all that.

You can send people Googlepay credit, IIRC, so it definitely is like a nice way to get crypto without getting traced. except at Coinbase of course.

This is the thing about these companies. We are all led to believe that there are rules and regulations that must be followed by all in the name of AML KYC licensing and what not,,, but the truth that people do not say is that it is a big mafia of close friends shaking hands behind the doors and deciding who can do stuff and who cannot do stuff.

[dansus021]

well after xiaomi that i post yesterday this gonna be next big things maybe ATH soon 

to be honest i need google pay because in my country majority using android and i hope this soon happen on all the globe not in single or two country

[rdbase]

well after xiaomi that i post yesterday this gonna be next big things maybe ATH soon  

to be honest i need google pay because in my country majority using android and i hope this soon happen on all the globe not in single or two country

That is a step in the right direction towards mass adoption if not through amazon then with manufacturers such as xiaomi, recognizing it as a means of accepting payment for their products and in a country where the crypto tax laws are highly in favor of the recipient using these type of transactions are very encouraging for more companies to do so in the future.

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.

It is obvious if you are the only one who does not see it.
Instant cash out of $100,000 with use of a platform(s) that is used globally.
Exchanges take 2-5 business days to do a highly limited amount in a single transaction.
You would need to atleast two at the major exchange to receive this amount sent to one's bank account.
This term they use are to 'clear' them with those receiving banks for admittance and that the funds being transacted are correct and/or not fraudulent.

The only question there should be is this:
How different is this from what paypal have been trying to do and will they somehow step up to out do what coinbase has done for a step closer for the adoption of crypto into the mainstream of society?

[AverageGlabella]

well after xiaomi that i post yesterday this gonna be next big things maybe ATH soon 

to be honest i need google pay because in my country majority using android and i hope this soon happen on all the globe not in single or two country

This will not be the reason for a new ATH this news is not as big as it is claimed to be Coinbase has just made it easier for people to buy Bitcoin but it does not mean there is demand for it. We do not know if customers will use Google or Apple pay to pay for Bitcoin instead it might just be used by a couple of customers. If Google or Apple started allowing Bitcoin payments then that would be different and would help us achieve a new ATH.

[buwaytress]

In theory seems to be a good deal, but I don't have (can't have) Coinbase so don't know if it would work but I do know of people using Applepay and Googlepay (this also something that works for me somewhat, but not perfect because of my roving locations). Bitcoin on PayPal was something really big for retail people and that even wasn't actual Bitcoin (you could only sell to PayPal itself and no blockchain interaction) so if you could actually buy real BTC (which Coinbase I know does) and cashout immediately, it's a bloody big deal I feel.

Let's see if actual Coinbase users here give feedback.

[yhiaali3]

The big important feature in this news is not adding a new way to buy bitcoin or pay with bitcoin because there are many ways that just exist to buy bitcoin such as Visa, MasterCard and others, but the important feature in this news is the entry of two large companies into the steps to accept bitcoin payment, Apple and Google One of the largest companies in the world and its entry on the line or just accepting the use of its own program to pay through Bitcoin will have a great positive impact on Bitcoin in particular and the market in general, do not forget also that Google allowed Crypto ads before that, so I think that Google started slowly progressing towards crypto.

[verita1]

This is great news.
Apple Pay is shown as a novel app with a good design that adapts well to the needs of users.
I believe that from Coinbase there will be important advances to get more users to buy bitcoin with greater comfort and security.

I remember that some time ago I needed to buy EOS in an application to create my first EOS account and the app I chose referred me to Coinbase, the experience was magnificent, simple, fast, secure and because it was my first time buying EOS the method used by Coinbase it was intuitive.
As Apple Pay describes its product:

Apple Pay is the one way to pay. It replaces your physical cards and cash with an easier, safer, more secure, and private payment method — whether you’re in a store, online, or sending cash to friends or family. It’s money, made modern.

https://www.apple.com/apple-pay/

[slaman29]

This is the thing about these companies. We are all led to believe that there are rules and regulations that must be followed by all in the name of AML KYC licensing and what not,,, but the truth that people do not say is that it is a big mafia of close friends shaking hands behind the doors and deciding who can do stuff and who cannot do stuff.

As much as I hate to agree but you are probably right. Binance and Coinbase for example are two businesses 100% the same, all about profit but just a different level of corporation, one being from the US and one from China. If Binance wanted to start a Visa/Mastercard deal or Google deal they would be laughed at.

[Obito]

In theory seems to be a good deal, but I don't have (can't have) Coinbase so don't know if it would work but I do know of people using Applepay and Googlepay (this also something that works for me somewhat, but not perfect because of my roving locations). Bitcoin on PayPal was something really big for retail people and that even wasn't actual Bitcoin (you could only sell to PayPal itself and no blockchain interaction) so if you could actually buy real BTC (which Coinbase I know does) and cashout immediately, it's a bloody big deal I feel.

Let's see if actual Coinbase users here give feedback.

That's alright I mean it's not like everyone is using it anyways, what's important is that it's there and it exist so whe someone finally wants to use it, they will be able to find that there's one there. I don't even use any of those since there's a lot of apps that I can use to do my crypto transactions in my country so I don't have any problem with that but this is a good step for adoption.

[davis196]

Is this the reason why the Bitcoin price went close to 44K USD?
This is good news,but Coinbase has the same problems as every multi-million dollar online business with millions of customers and not big enough customer support.When a problem occurs,the customer support is really slow or non-existent.I guess that's why Coinbase has a low score on Trustpilot.Lots of negative reviews from frustrated customers.
Anyway,I don't mind them getting ahead of the competition and adding value to their service.The crypto industry needs more competition.