Almost 2 months have passed since the release of the update that allowed the purchase of cryptocurrency via Apple Pay, and we are now ready to summarize some results.
Recall that the bitcoin hype occurred in December and early January. The cryptocurrency was at the top of news feed, and everyone wanted to find a quick way to become a holder of the first cryptocurrency. A week after the new Apple Pay payment method launch, the volume of bitcoin purchases in Lumi Wallet increased by 209%. Users left a lot of feedback about the latest update with support, on social networks, and in the application store.
We can say that purchases via Apple Pay already account for 20% of the total turnover on iOS. The growing interest from crypto users and a significant influx of new users helped the Lumi Wallet app enter the top 10 apps on the iOS US market for the “Bitcoin” and “crypto wallet” queries.
According to Lumi, 95% prefer to buy bitcoin, but after the recent ATH from Ethereum, the number of transactions for the second-largest currency increased by 15%.
Surprisingly, most new users are from Latin America, which has grown by 29% since the beginning of the year. Further, a significant increase in novice users was from Canada (17%) and Europe (5.8%).
The introduced new function of buying cryptocurrency via Apple Pay has reduced the time of KYC verification. Previously, buying cryptocurrency via credit cards took from 10 to 14 minutes, and Apple Pay identification allows you to buy cryptocurrency in less than 15 seconds.
“We were sure that Apple Pay would be a crucial feature in our wallet, as well as bitcoin adoption in general. Our team understands that we, as a participant of the market, have to simplify crypto as much as possible. And we choose the right way. Since we launched it, we have received support and positive feedback from crypto and iOS communities. And this is the best reward for our team. ” – Diana Furman, CEO of Limi Wallet.
Since December, Lumi Wallet’s customers have been able to purchase crypto via Apple Pay, the new alternative payment method available in-wallet for iOS users. New payment systems enable 300M people from over 30 countries to buy crypto using Apple Pay. For U.S. citizens there are $500 daily and weekly limits, and $5,000 yearly. For non-U.S. citizens, daily and weekly limits will be $1,000 and $7,500 yearly.
Our Lumi team is pleased that the new feature was liked by users and is certainly in demand in the cryptocurrency market. Soon we have another significant and long-awaited update coming, which should take Lumi up another notch. In the meantime, we will add Dogecoin to Lumi. Currently, this cryptocurrency is in particular demand among users, as is DeFi.
Lumi values the feedback of its users and reminds you that you can always email us with your ideas and suggestions.
Founded in 2017, LUMI offers secure and user-friendly crypto wallet solutions. It is a non-custodial, open-source wallet that has Android, iOS, and web versions. LUMI wallet was made to meet the demands of both beginner and advanced users, combining a high level of security and complete anonymity with a simple, eye-catching interface. Lumi supports BTC, ETH, BCH, Tether USDT, Binance USD, Celsius, Dai, EOS, and more than 1,200 ERC20 tokens.
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