Spend Wallet app, a multi crypto wallet that allows users to spend their funds in different stores around the world has been integrated with Apple Pay. That means that more than 20 cryptos will be converted to fiat and used to complete a transaction for goods or services.
Pay With Crypto using Apple Pay
The crypto platform says that it wants to ensure that users can access all of these features instantly. It is worth mentioning that, the firm is currently focusing on streamlining the Know Your Customer (KYC) process and eligible customers will be able to receive a Spend Visa virtual card.
Users will have the possibility to decide which digital asset they want to use for payments. Moreover, all the conversions into fiat currency happen in just a few seconds and behind the scenes. This makes it easier for shoppers to exchange the assets themselves.
At the same time, they also want to offer services to Google Pay users that own an Android device. According to Spend, these cards can be used anywhere where Visa is currently accepted as a payment method.
It has been very difficult for crypto users to spend their funds in different shops for goods and services. This is very positive because users will have the possibility to use their favourite virtual currencies in shops around the world.
The firm informed that they use “leading encryption methods” in order to ensure sensitive personal information doesn’t fall into the hands of harmful people. In addition to it, users will be able to control their card and prevent others to use it without permission.
The company has an international focus and it wants to attract as many consumers around the world as possible. In order to do so, the platform will be supporting 27 different fiat currencies and perform exchanges at the click of a button. Some of the currencies include the US dollar, Euros and Canadian dollars.
The company explained about virtual currencies:
“We are a firm believer in the fourth industrial revolution and the digitization of currencies. There are tremendous benefits for users worldwide to have control of their finances and to create an alternative financial solution for those whom don’t have access to banking which currently totals to 2 billion people worldwide.”
Users can make informed decisions at the time of making their transfers to businesses, friends, family and other institutions. They will have information such as the transaction time and the fees associated with them.