Coinbase, the NASDAQ-listed cryptocurrency exchange, announced Thursday that users can now buy bitcoin and other cryptocurrencies through Apple Pay, alongside instant cashout capabilities of up to $100,000 per transaction. The company also revealed that Google Pay integration is coming this fall.
This move represents a significant step in reducing friction for crypto adoption by leveraging widely-used mobile payment systems. Prakash Hariramani, Senior Director of Coinbase's Payments & Financial Hub, stated: "We're introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction available 24/7."
How Apple Pay Integration Works
According to the official announcement, if a user already has a Visa or Mastercard debit card linked in their Apple Wallet, Apple Pay will automatically appear as a payment method when buying crypto on Coinbase via an Apple Pay-supported iOS device or Safari web browser. Previously, only Coinbase Card holders could use Apple Pay; now the requirement is removed entirely.
U.S. customers can also purchase cryptocurrencies using a connected bank account via ACH or wire transfer, a debit card, or funds in their Coinbase USD wallet. Coinbase reiterated that it accepts crypto purchases through linked Visa and Mastercard debit and credit cards in over 20 countries, with more to come.
Instant Cashouts: Up to $100,000 Per Transaction
Beyond payment methods, Coinbase introduced instant cashouts that allow users to convert crypto to fiat and withdraw up to $100,000 per transaction directly to their bank account or debit card, available around the clock. This eliminates the traditional multi-hour withdrawal delay, offering high liquidity for traders and institutional clients.
Google Pay Integration on the Horizon
Coinbase confirmed that later this fall, users will be able to buy crypto with Google Pay, a payment service used by more than 150 million people in 40 countries each month. The addition of Apple Pay and soon Google Pay positions Coinbase as a bridge between mainstream mobile wallets and the cryptocurrency ecosystem.
Market Impact and Competitive Landscape
Industry observers note that partnering with Apple Pay lowers the technical barrier for retail investors, potentially accelerating capital inflows into digital assets. The instant cashout feature directly competes with traditional banking speed, likely prompting rival exchanges to upgrade their own payout systems.
Since its direct listing on NASDAQ in April 2021, Coinbase has aggressively expanded payment options. This latest upgrade aligns with its mission to make crypto accessible to everyone. With Google Pay integration upcoming, Coinbase is poised to capture a larger share of the mobile-first crypto buying market.