Apple Pay Enters Crypto Trading with the Lumi Wallet App

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Last Updated on 23 March 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Silicon Valley companies like Square and PayPal have a rival in their ranks when it comes to crypto purchasing and trading. Whereas many onlookers agree by now that the 2020 Bitcoin rally, which really took off in the past two months, was mostly due to those two global players declaring their love for crypto, this other one might just make sure that Bitcoin can possibly skyrocket in 2021.

Apple Pay, the Apple app that is pre-installed on every iPhone sold since 2014, will now allow you to purchase most available crypto coins thanks to the Lumi Wallet app.

The news comes only a few days after Apple Co-Founder Steve Wozniak also launched his own cryptocoin, the WOZX. That’s two in a week’s time for the Cupertino company.

We wonder whether Mr Jobs would agree to seeing his company be aligned to such a “rebellious” and decentralized product.

So now, investors which find it too hard to open their own crypto trading account can thus just do it from their iPhone. Given that it works in the same manner as PayPal intends to roll it out and Square’s Cash App already does, it was of course only a matter of time until more developers would build an app working on alongside Apple Pay.

Advertentie.

Lumi App

The Lumi app, according to their marketing message, allows investors to purchase USD Coin (USDC), Tether (USDT), Stably (USDS), Binance (BUSD), Wrapped Bitcoin (WBTC), Wrapped Ether (WETH), Yearn.finance (YFI), Uniswap (UNI), DAI, AAVE, Basic Attention Token (BAT), Compound (COMP), Curve (CRV), Gemini Dollar (GUSD), HUSD, Chainlink (LINK), Maker (MKR), Paxos Standard Token (PAX), Synthetix (SNX), and Universal Market Access (UMA).

YouTube video

In this manner, Apple Pay can be introduced to the world of crypto and introduces another possible 383 million users to a growing marketplace.

mobilinchen / Depositphotos.com