Apple Pay, The application through which Bitcoin and other cryptocurrencies can be used to buy goods and services is now available in Mexico. At the moment it will only be compatible with cards American Express and Mastercard issued by Citibanamex and Banorte.
The application will allow you to add certain bank cards to pay and / or make purchases through devices Apple como iPhone, iPad o Apple Watch.
Apple Pay can be used to make payments in any store that has terminals compatible with NFC technology. However, Apple highlights on its website businesses such as 7-eleven (who already confirmed the service in their networks), Chili’s, Domino’s, Italiannis, MacStore, Petco, The Cheesecake Factory, to name a few. He also cites applications like Fancy, HotelTonight y Rappi.
“On February 23, 2021, Apple Pay will be released in Mexico, this will allow to add Citibanamex Mastercard Credit and Debit Cards on iOS devices such as iPhone or Apple Watch to make purchases easily, securely and without contact”Citibanamex reported on its Twitter.
The company founded by Steve Jobs assured that the card data is not stored on Apple’s servers and the company does not share it with businesses.
In order to use Apple Pay, it is essential to have one of the following compatible devices: iPhone (all models with Face ID or Touch ID, except 5s), iPad (all models of iPad, iPad Pro, iPad Air or iPad mini with Face ID or Touch ID), Apple Watch (all models), and Mac (all with Touch ID).
Second, it is necessary to have a bank card compatible with the service, a correctly configured Apple ID on the device and the most recent version of the operating system. Once these requirements are met, the configuration process consists of downloading the application, press the “+” button, scan the bank card with the phone’s camera and complete the verification process required by the customer’s bank –generally via SMS–.
When you want to make a paymentSimply enter the Wallet application -or press the side button twice, in the case of iPhones with Face ID-, and choose the card with which you want to pay, verify your identity using your fingerprint or face, and the device proceeds to make the payment.
Apple is not the only one that will carry payments with cryptocurrencies
The records of Bitcoin do not stop happening. Last week, the most traded cryptocurrency again hit an all-time high to break the barrier of USD 50.000. The token rose as much as 4% on the day to hit the USD 50,335 in the first trades on Tuesday, which coincide with the hours of the Asian markets, according to a series of Bloomberg. The price of Bitcoin has quintupled in the last year.
The rise of the cryptocurrency has been driven by the growing adoption of the same by companies, especially by the disclosure of Tesla this month of a purchase of USD 1,500 million. However, the debate regarding the intrinsic value of the asset and the possibility that the records are the moment before the burst of a bubble does not stop.
A series of recent announcements indicates that Bitcoin is gaining more attention not from fringe players but from long-established firms in the market, after the purchase of Tesla catapulted cryptocurrencies to the agenda of corporate treasurers around the world.
In order to understand what Bitcoin is, it is possible to understand it as the new gold. Institutional endorsements of cryptocurrency happen all the time (PayPal, Mastercard, Tesla) and there are other examples that demonstrate the paradigm shift.
The growth of Bitcoin has also helped other cryptocurrencies such as Ether, the currency of the Ethereum network. The price of Ether rose about 2.3% to $ 1,801 on Tuesday morning, after hitting an all-time high above $ 1,870 over the weekend.