San Francisco, Feb 15: The world's largest Bitcoin and cryptocurrency payment services provider 'BitPay' has announced that its prepaid card now supports Apple Pay for in-store, in-app, and online payments. Users of the service can now add the BitPay Prepaid Mastercard to their Apple Pay wallets. The card allows users to convert cryptocurrencies like Bitcoin into spendable fiat currency, and then load it onto the prepaid card for payments, reports AppleInsider. Apple Partners Introduce ‘GetActiveIndia’ Challenge for Watch Users: Report.

"We have thousands of BitPay Wallet app customers using the BitPay Card who are always looking for new places and ways to spend their crypto. Adding Apple Pay and soon Google and Samsung Pay makes it easy and convenient to use the BitPay Card in more places from day-to-day items to luxury purchases," the report quoted the company's spokesperson as saying.

To add the card to Apple's Wallet app, users will need to have the latest version of the BitPay app, which is 12.1.0. BitPay also said that support for Google Pay and Samsung Pay is going to release at the end of this quarter. Apple's integration of cryptocurrency transactions within its service model could potentially generate more than $40 billion in revenue.

(The above story first appeared on LatestLY on Feb 15, 2021 05:19 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).