Right after an announcement is delivered for the cryptocurrency community, Apple & BitPay makes a significant step. News that actually vibes with many around the world. Tesla is investing $1.5 billion in the number one crypto asset Bitcoin.
Once the news was published JPMorgan is saying that Tesla’s action of buying Bitcoin may not attract corporate and enterprises. He mentioned that this is mainly because of the volatility the token has in the market.
After that, he also mentioned that corporate portfolios are composed of bank deposits, short-dated bonds, and money market funds that avoid the risk of volatility.
However, since the Tesla announcement is made and despite the JPMorgan report, small steps towards the cryptocurrency market have been made. Visa, Mastercard and even the social media giant Twitter.
Ned Segal Twitter’s finance chief was saying that they are taking into consideration adding cryptocurrency like bitcoin as a payment option for their employee. The company’s balance sheet should have it as an option.
Not long ago RBC Capital Markets was mentioning that Apple should benefit from the crypto exchange market. Integrating a answer for crypto enthusiasts in the Apple Wallet was the solution.
“The wallet initiative appears to be a clear multi-billion dollar opportunity for the firm. (Potential for well over $40 billion in annual revenue with limited R&D)”. RBC analyst Mitch Steve reported for Bloomberg.
Recently, we have ApplePay and BitPay as a payment option with cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Ripple and many others to come. BitPay also announces that soon Google Pay and Samsung Pay will be their partners.
Bitpay History and Integration
Tony Gallippi & Stephen Pair are founding the Bitpay company in May 2021 when Bitcoin was still a “child”. They saw a big potential in the bitcoin asset that can revolutionize the financial industry.
The BitPay Wallet is a decentralised solution to spend and manage your digital assets in the Bitpay App. With BitPay Prepaid Mastercard, you can convert cryptocurrency into dollars.
The BitPay wallet is listed on the Apple store with a 4.1 stars review and it is Free to use. The latest version of the app comes with key functionalities such as vouchers and gift cards for buying from big brands such as Amazon.
Supports stablecoin tokens such USD coin (USDC), Paxos Standard (PAX), Gemini Dollar (GUSD) and Binance USD (BUSD), the Multi-wallet function. A user-friendly interface and many other solutions.
Apple & ApplePay
Firstly, ApplePay is integrated in 2014 as a mobile payment solution that allows users to consistently use their phone for payments on the web, app store and retail stores.
Apple Pay has more than 1 billion users all around the globe. Users of devices such as iPhone, iPad, Apple Watch and Mac.
“We have thousands of BitPay Wallet app customers using the BitPay Card who are always looking for new places and ways to spend their crypto. Adding Apple Pay and soon Google and Samsung Pay makes it easy and convenient to use the BitPay Card in more places from day-to-day items to luxury purchases,”. BitPay CEO Stephen Pair.
In conclusion, we are expecting more big news to come up as “crypto” is trending more than ever.