Gemini users can now buy Bitcoin with Apple Pay and Google Pay
Major American cryptocurrency exchange Gemini now lets its users purchase cryptocurrencies like Bitcoin (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 a total of over 30 cryptocurrencies supported on Gemini, including major coins like BTC, Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), as well as Ethereum-based tokens like Aave (AAVE), Dai (DAI) and Maker (MKR).
Gemini did not specify the size of fees it takes for buying crypto via Apple Pay of Google Pay. The platform retains 3.49% of 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 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 enabled Apple Pay users to purchase thCOTI cryptocurrency in March.