Lumi adds Apple Pay support for cryptocurrency purchases

Apple Pay
Apple Pay (Image credit: Lumi Wallet)

What you need to know

  • Cryptocurrency wallet for iOS Lumi has added Apple Pay support to its app in a new update.

The cryptocurrency wallet app for iOS Lumi has today rolled out support for Apple Pay in a new software update.

In a press release the company stated:

Multi-currency crypto wallet Lumi, which enables the purchase, exchange & storing of digital assets, expanded functionality, and added Apple Pay as an available payment method in the app. This step has opened access to an alternative purchase option for hundreds of thousands of users around the world.From December 11th, 2020 after releasing the latest version of the app, Lumi Wallet's iOS users will be able to choose a new option to buy crypto using Apple Pay. This payment method will simplify the purchase process due to not requesting KYC verification for those users who already have an account with Apple Pay wallet.

Lumi says the new feature will roll out today in 60 countries including the US, Canada, Germany, France, UK, Australia, Singapore, Brazil, Saudi Arabi, UAE, and more. There is a $500 daily and weekly, as well as a $5,000 yearly limit. Outside of the U.S., the limit is $1,000 and $7,500 respectively.

Lumi CEO Diana Furman said adding Apple Pay was "one of the steps" on the way to making its app as user-friendly as possible, whilst making sure it has all the functions its users need.

Lumi is available on iOS, Android, and on the web, and supports Bitcoin, Etherium, and other popular cryptocurrencies.

Stephen Warwick
News Editor

Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design. Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9