Apple Pay seems to be helping investors purchase Bitcoin, at least according to Lumi Wallet.
The company reports that one week after launching with Apple Pay, Lumi Wallet saw a 209% growth of in-wallet Bitcoin purchases. Lumi believes this is due to a simpler crypto purchase procedure and the shortening of the time to process transactions.
According to Lumi, the most purchase operations were made by users from U.S. (33%), UK (12,2%), Canada (10,1%), Australia (6,9%), Nigeria (3,8%), Germany (3,3%) and France (3,0%), other countries account 27,5% of purchase operations.
Users have been growing as well, says Lumi, with Latin America becoming the leading region with the largest number of new users – compared to November, increasing by 29%. The number of newcomers from the US and Canada increased by 17%, from Europe 5,8%, from Asia and Africa, 5,2% and 5,0% respectively.
Lumi explains that due to KYC verification, traditional ways to buy crypto with credit cards on average takes 10-14 min. In Lumi Wallet using Apple Pay, users can skip this identification procedure and thus reduce the purchase time to less than 15 seconds.
“We were sure that Apple Pay is 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 last week, we have received support and positive feedback from crypto and iOS communities. And this is the best reward for our team,” commented Diana Furman, CEO of Limi Wallet.
Founded in 2017, LUMI offers a non-custodial, open-source wallet that has Android, iOS, and web versions. Lumi supports BTC, ETH, BCH, Tether USDT, Binance USD, Celsius, Dai, EOS, and more than 1,200 ERC20 tokens.