The crypto startup Lumi is making it possible for anyone who uses Apple Pay to buy Bitcoin, Ethereum and a long list of altcoins.
A new feature in Lumi’s iOS wallet allows traders to buy crypto assets through Apple’s popular payments service.
The app also 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).
Lumi wallet users in the US are limited to $500 purchases per day, $500 per week and $5,000 per year. Limits for users outside of the US are $1,000 per day, $1,000 per week and $7,500 per year.
While purchases can be made in most countries where Apple Pay is available, the option is unavailable for people in Vatican City, Ukraine, Montenegro, Monaco, Malta, Man of Isles, Jersey, Liechtenstein, Romania, Russia, Serbia, China, Taiwan, Macao and Kazakhstan.
Apple Pay is one of the biggest mobile payment providers in the world. Introduced by Apple Inc. in 2014, the platform has a global reach of over 383 million users, according to Statista.