An Israel-based cryptocurrency exchange, Coinmama, has become the first crypto exchange to be authorised to integrate with ApplePay, according to an announcement shared with local news website Finance Magnates.
Other crypto exchanges have integrated ApplePay before, since its application programming interface (API) is open to every developer. Coinmama is, however, the first crypto exchange to receive official permission from Apple.
In a statement shared with Finance Magnate, Coinmama’s CEO, Sagi Bashi said that:
“According to [the ApplePay] team, we are the first crypto company who actually gets their blessing with the integration”
The announcement comes just days after Coinbase CEO, Brian Armstrong, accused Apple of stifling innovation in crypto. Armstrong stated that Apple has told them that Coinbase cannot add the ability to earn money using cryptocurrency and the ability to access decentralised finance apps (DeFi apps or Dapps).
Here is the issue. Apple has told us we cannot add the following functionality in our iOS apps: (1) the ability to earn money using cryptocurrency and (2) the ability to access decentralized finance apps (sometimes called DeFi apps or Dapps).
— Brian Armstrong (@brian_armstrong) September 11, 2020
Global Crypto has reached out to Apple and Coinmama for confirmation.
Feature image by Mobil from flickr