Apple (Iphone and tablet) users can now easily buy Bitcoin and other cryptocurrency with Apple Pay, thanks to a new integration in the multi-currency crypto wallet app called Lumis.
Lumi's is a fast-rising iOS wallet That is allowing global investors to buy crypto-assets like bitcoin, Ethereum, Uniswap through Apple’s popular payments app, Apple Pay.
Lumi’s iOS wallet is permitting global investors in buying crypto-assets like bitcoin, Ethereum, Uniswap through Apple’s popular payments app.
What this implies:
- The app allows crypto traders to be able to buy apart from bitcoin Other cryptocurrencies like Wrapped Ether, Yearn.finance (YFI), Uniswap (UNI), DAI, AAVE, Basic Attention Token (BAT).
- Others Cryptocurrency that can be bought using the Lumis app include: USD Coin (USDC), Tether (USDT), Stably (USDS), Binance (BUSD), Wrapped Bitcoin (WBTC), Compound (COMP), Curve (CRV), Gemini Dollar (GUSD), HUSD, Chainlink (LINK), Maker (MKR), Paxos Standard Token (PAX), Synthetix (SNX), and Universal Market Access (UMA).
NB: Users of Lumi wallet at the world’s largest economy are permitted To do only $500 purchases per day Or $500 per week, Or $5,000 per annum. Limits for users outside of America are pegged higher taking to account the limits are $1,000 per day, $1,000 per week, and $7,500 per annum.
Apple Pay is one of the largest and popular payment System providers Introduced by the world’s most valuable company (Apple Inc) about six years ago, the platform has a global reach of over 383 million users.
Important fact about apple :
1. Apple is now the only publicly listed U.S. company with a market capitalization of over $2 trillion.
2. The world’s most valuable tech company designs manufacture and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions.
3. Apple sells its products worldwide (Africa included) through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
Important fact about Lumi's wallet
1. Using Lumi's Apple Pay simplifies the purchase process, as you can skip identification verification.
2. Lumi explains that because Apple and its partner banks already completed these checks, Apple Pay users do not need to be re-verified in its own app. Anti-money laundering regulations do still impose some restrictions, however. For U.S. citizens there are $500 limits daily and weekly, and $5000 yearly. For non-U.S. citizens daily and weekly limits will be $1000, and $7500 yearly.
3. Lumi Wallet is a free download from the App Store. While the ability to buy Bitcoin with Apple Pay is handy, bear in mind that many Experienced professional investors consider it a huge gamble with no real logic underpinning the value of it or other cryptocurrencies.
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